I dont know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.
From what happened, I don't think there is a winner, users of FTX lost a lot of money. Now if you are referring to exchange company competition, Binance already won over FTX, the reason is obvious, FTX got bankrupt, and it was because of the large volume of users withdrawing their money out of their exchange platform, of course, it was triggered by the recent issue.
Binance remains as the biggest exchange in the world with its reputation intact. Without any doubts Binance is the winner among all exchanges. Every mistake commited by an CEO is immediately commented and condemned by CZ from Binance on his Twitter account. It is like he has been dictating the rules and guidelines on how to operate the business in a professional, responsible and sustainable way. Even though the whole crypto ecosystem suffers with companies' bankrupticies, including Binance, they are probably the ones who are going to be most benefited as soon as this FUD's wave go away.