Shark Tank star Kevin O’Leary aka Mr. Defended his support for the wonderful, collapsed cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried (SBF). “This is America. The judicial system provides a presumption of innocence unless proven otherwise,” he stressed. , denied accusations of perjury during a U.S. Senate hearing on why FTX failed.
His Kevin O’Leary on FTX Collapse
Shark Tank star Kevin O’Leary said in his interview with CNBC on Friday that the collapsed cryptocurrency I defended my position as a spokesperson for the exchange FTX. He also commented on how his CEO of Binance, Changpeng Zhao (CZ), called him a liar.
When asked why the former FTX CEO did not categorically denounce Sam Bankman-Fried (SBF), O’Leary replied:
This is America. The judicial system provides a presumption of innocence unless proven otherwise.
A former FTX executive was arrested in the Bahamas last week. The US government and several regulators have filed numerous fraud charges against him and his cryptocurrency exchanges. O’Leary was a spokesperson for FTX and an investor when the exchange collapsed. The company paid him about $15 million to become a spokesperson.The Shark Tank star said it was lost when the exchange filed for bankruptcy. Are you still confusing your money with the money you lost, or have you actually invested some of your own money?” Shark He Tank Star replied, “Money is exchangeable.” CNBC’s Joe Curnen said: Again, you are a venture investor who has staked your name…you are not paying your own money in taxes.
O’Leary was then asked by Andrew Ross Sorkin rice field. Think this is a scam? Wonderful emphasized that he “doesn’t get the facts” and that FTX’s new CEO “doesn’t get it yet”. Looking for
records. Fund a forensic audit of your account. Obviously, I would like to know what happened. There are a lot of bad things being claimed here. No question about it. There is no money there, so some of them will probably be true. I’m running out of cash somewhere.
O’Leary hits back at Binance CEO CZ accusations
Following O’Leary’s testimony before the Senate Banking Committee, FTX failed to Binance CEO Changpeng Zhao (CZ) called the Shark Tank star a liar, saying it was intentionally excluded by currency exchange Binance.
Mr. He Wonderful emphasized:
Yesterday on air he CZ called me a liar. He then suggested that I did two hours of perjury before the US Senate this week. I can assure you that it is not.
“Here’s another little parable to understand,” continued O’Leary. He explains that his biological father is Irish, adding that when he was young, his father told him: Then Shark his tank star asked his father. His father replied, “Because Irish people are crazy.”
Regarding CZ’s accusations, Wonderful emphasized: A man, but he’s part of the story too.
Before FTX collapsed, O’Leary nearly secured $8 billion to keep crypto exchanges from filing for bankruptcy. He said Bankman-Fried is one of the best traders in the cryptocurrency industry and would back him again if the FTX co-founder had another venture.
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