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.
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.
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
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