News

Kevin O’Leary Shows Unwavering Support For Bankman-Fried Through Latest Tweet

Famous billionaire investor Kevin O'Leary makes his support for FTX founder Sam Bankman-Fried amply clear through one of his latest tweets.
Published by
Kevin O’Leary Shows Unwavering Support For Bankman-Fried Through Latest Tweet

Be it during a televised interview, at the U.S. Senate hearing or on the micro-blogging site Twitter, Kevin O’Leary, an investor in FTX exchange and a former paid spokesperson for the company, declines to denounce FTX founder Sam Bankman-Fried. He also refuses to address the implosion of the crypto exchange as a fraudulent activity orchestrated by its former CEO.

Advertisement

O’Leary’s Undying Support

O’Leary, one of the sharks on the popular television program “Shark Tank,” recently took to Twitter to hint his undying support for the FTX founder, even after SBF getting arrested on December 12.

Kevin has stated that he would prefer to invest in an entrepreneur who has experienced the pain of failure in the past. This is because such individuals are able to comprehend how challenging it is to launch a new business.

Earlier, he also went on air to mention that, he was not of the opinion of calling the former FTX CEO a criminal mastermind and the sole reason behind FTX’s failure.

He was famously quoted to say,

If you want to say he’s guilty before he’s tried, I just don’t understand it.

Advertisement

Kevin O’Leary Slams Binance

While testifying in front of the Senate on Wednesday, O’Leary defended Sam Bankman-Fried but attacked FTX’s rival exchange Binance and its CEO Changpeng Zhao, who’s also popularly referred to as “CZ”.

Read More: Binance CEO “CZ” Claims Sam Bankman-Fried Threatened His Team

According to O’Leary, CZ would not comply with the data requirements imposed by a number of different jurisdictions while dealing with FTX &  intentionally tried to put the rival crypto exchange“out of business”.

He testified to the senate that,

Binance is a massive unregulated monopoly now. This is my personal opinion.

This led to a heated altercation between the two, where the Binance CEO even went out to call Kevin a “liar” for falsifying facts about his Binance exchange to the senate.

Read More: Kevin O’Leary Hits Back At CZ’s “Liar” Remark On Live Interview

Advertisement

Share
Pratik Bhuyan

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Is Changpeng “CZ” Zhao Returning To Binance? Probably Not

Changpeng Zhao, aka CZ, might not return to operations at crypto exchange Binance immediately, he…

October 27, 2025
  • Altcoin News
  • News

Ripple-Backed Evernorth XRP Treasury’s Holdings Reach $1B Ahead of Nasdaq Listing

In a major XRP news today, Ripple-backed digital asset treasury firm Evernorth has expanded its…

October 27, 2025
  • Bitcoin News

Crypto Market Rally: BTC, ETH, SOL, DOGE Jump 3-7% as US China Trade Talks Progress

Today's crypto market rally comes on the positive progress in the US-China trade talks, with…

October 27, 2025
  • News

Court Rules XRP as Property in Landmark WazirX Hack Case, Barred Redistribution

In a landmark ruling, the Madras High Court in India has declared XRP and other…

October 27, 2025
  • News

Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH

Ethereum’s fundamentals continue to strengthen as major investors and analysts signal renewed confidence in the…

October 27, 2025
  • News

Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000

Bitcoin (BTC) has climbed above $113,000 as optimism grew ahead of President Donald Trump’s meeting…

October 26, 2025