I do not think that FTX will have a recovery now that they file bankruptcy, they have to stop operation. This is double hit since users that have fund on FTX can't withdraw and investors who holds FTT will have their holdings possibly reduced to being worthless. I feel sorry for those investors and users that were caught in the demise of FTX, it is a clear misappropriation of funds and the management should be held accountable for this mess.
What an irony, they have tried to build a reputation for so good and so long, but this is the reality, nothing can be perfect. Weaknesses (which are considered significant and very important) can destroy something very quickly. Like this FTX, they can already reach a high position, but still can be destroyed easily and quickly like shit projects. They are really a mess right now, I can't imagine what's going on in their management and all teams right now.
I even don't care who will win. here, the victim is the suers of those exchanges, the investor of FTT, and many people are suffered because of this problem.
This is a fact, who will win will not really give influence us, we can see how many people are suffering from this condition. Some people are utilizing this condition to make more investments, but some people are also suffering because their money is lost very quickly. Ths is the risk of war.