It's not over because they just filed for bankruptcy and haven't actually declared bankruptcy. As far as I know, filing bankruptcy under Chapter 11, FTX will have 3-4 months to complete the procedure as well as have the opportunity to call for support from sponsors and resolve disputes with partners.
In addition to countries with crypto regulations, in countries that do not have crypto laws, investors will be responsible for their investment without the protection of the law, so that no one can sue FTX.
I would guess that bankruptcy is a way to protect themselves on jail time, just saying "sorry we failed" they are just saying "we are upset we failed too, we wanted to do better" and that means they didn't mean to, and it's not their fault, and it's a bit about the market and everything else that went wrong and not them.
This will result with them defending themselves on court by saying "we did nothing illegal; we just couldn't survive because of cash flow and that is economic reason, not jail reason". So, it is obvious that it is all a ruse, and they will not accept fault and this is a proof of that, Sam should be jailed, but he will do everything in his power not to.
It can't go as simple as you think, bro. It is not possible to evade responsibility in this way, as if the collapse was the result of one of the unexpected natural disasters. There is a penal responsibility that must be borne by those in charge of the FTX stock exchange, due to the failure to provide appropriate guarantees that protect users investments on the platform, in addition to working to enlarge the platform without taking into account the characteristics of the crypto market, which made the fall resounding and catastrophic.