What happens if FTX goes under?

As a concerned investor in the cryptocurrency space, I can't help but wonder: What would be the implications if FTX, a prominent crypto exchange, were to experience financial difficulties or even collapse? Would user funds be safe? Would there be a Ripple effect on the broader crypto market? What measures have been put in place to ensure the stability and security of the platform? Understanding the potential consequences of such an event is crucial for making informed investment decisions in this volatile and rapidly evolving landscape.