I was thinking that FTX was a complete disaster and it made a very bad Impact on crypto industry too. As I personally believe Binance more than any exchange and that case might be with you...
That's highly unlikely to happen but if it occurs, then that will be the biggest dump ever BTC will face. Because according to
statistics it is the most used finance in developed and developing countries, this exchange is most rusted among developing countries like mine, because we have no option to approve our KYC on many exchanges but we can do that on Binance without any problem, So if a thing goes not good for Binance then all of them will face trouble, and the trading volume will decrease which result in a big dump in BTC.
CZ is a clever person he is an experienced one and knows the tricks to remain under the shadow of agencies while functioning. When SEC accuse CZ and Binance of manipulating the market he firmly replied and mentioned his policies and said we were not expecting it from you, like we have co-operated a lot. This also indicates he could make deals with authorities and other agencies to get things to work out as a lot of going on in Binance right now. But as you mentioned let's hope it will not occur in the future.