What happens if FTX collapses?

I'm curious about the potential consequences if FTX collapses. Could you elaborate on the potential fallout for investors, the crypto market, and even the broader financial landscape? How might such an event impact individual traders and institutions alike? Would there be a domino effect, spilling over to other exchanges or financial institutions? And how would such a collapse reshape the regulatory framework surrounding cryptocurrencies? I'm eager to understand the potential ripple effects of such a significant event in the crypto world.