Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried told him that Binance, which owned a 20% equity stake in FTX, refused to comply with regulators’ requests whenever FTX applied for a license in different jurisdictions.
SBF told O’Leary that he “no longer knew” as he has been “refused access to the servers.” O’Leary then told the Senate committee, “This is a simple case in my mind of ‘where did the money go?'” “I didn’t know this at the time, but at some point, CZ [Changpeng Zhao], who runs Binance, purchased 20% ownership in Sam Bankman-Fried’s firm for seed stock,” O’Leary told senators. Mr. Wonderful then asked SBF why he had to buy back shares from CZ: “What would compel you to do that? Why wouldn’t you keep your assets on the balance sheet?”
O’Leary stressed that FTX spending about $3 billion to buy shares back from Binance “stripped [its] balance sheet of assets.” He detailed: “In my view, my personal opinion, these two behemoths that own the unrelated market together, and grew these incredible businesses in terms of growth, were at war with each other.” The Shark Tank star concluded:
realDogecoinOG Look like kevinolearytv is throwing a little tantrum for making such a bad investment. I’d love to be telling him how moronic his investment was … all roads lead back to me :) lol, eat it!
Stop the distractions! Look into that FTX Scam!
What a fraud
I didn't understand why Kevin was the guy to testify :) This is like a dog defending his owner without understanding a thing about what happen
Everything has its price. Is it really ONLY $15M for him? To bear all mocks in CT and crypto world. Its cheap.
Sam the shit mans friend also another shit man
While been paid 15m by ftx
Kevin put lots of businesses out of business the past twenty years. Lobster clawback?!
They did! Lawsuits coming
I use to respect Mr Wonderful!!!! After his bullshit show, FTX failed because that dorky looking SBF stoled from Mr Wonderful and everyone who ever trusted him.
realDogecoinOG cz is gonna put you out of business kevinolearytv
Doesn't even make sense
Kevin O'Leary lost $15 million to his friend and now he wants to put the blame on CZ. The FTX bubble was going to collapse any day now.
🤡
It’s totally up in the air whether Binance *intentionally* intervened with FTX. But Kevin O’Leary is completely missing the point (like the right-winger he is). FTX was a criminal enterprise that *should* be out of business.
Fed increased rate by 50bps, the market reacted down as the Fed target fund rate moved to 5.1% I am surprise the market did not price it in. With inflation so high, I was predicting the rate will be 5 to 5.25%. BUT bitcoin dropped only a little,BTC starting to act more like gold
SEC WILL KILL binance and cz_binance
BS Lie, there is no reason to have him testify. HE TOOK 15 MILLION
SBF_FTX est une merde...
where's my popcorn 🍿🍿🍿 he he say he offered to save the company?
Lock O'Leary up for perjury!!
Lol what a 🤡
Business
Kevin & sam are the same
He only had to lie and decive to get his blood money 💰 the rest had to actually work. Way more concerned about lost windfall and his involvement in the whole scam than criminality at least he didn't try to blame it on climate change, the Unvaxed or Trump
Give your best corrupted shot..BTC is waiting
Hes trying hard to frame this as china vs US… pretty pathetic
a weak minded person
Mr. Wonderful liar
it also shows how vulnerable one is, by blaming others 🤦♂️
FTX was a Ponzi scheme taking customer hard earn money for their self interest
You should go to jail too!!
all the o'learys need to be regulated as well
FTX works for them to cheat more
Shark Tank Dbag K....
If you’re in a position where your competitor can put you out of business, you suck at business.
CZ is the lesser of two evils
Yeah coz Binance controls the fact that they use their user funds? Makes 100% sense now kevinolearytv thanks for pointing that stupid AF fact out to me
Well, I don’t trust guys who wear ugly red straps on the best watches.
Hero worshipping on Twitter is a whole new level to me. Stupidity at its max. Believing Binance is a Saint, Justin Sun god like... Everyone only wants to protect their own interests. Binance protects crypto just a pack of nonsense.
FTX tried to destroy the other exchanges and lost!
FTX literally had no funds to keep on going. CZ just exposed that....
Meanwhile FTX investors to kevin : You are dead to me ( reference from shark tank 😂 )
O’Leary is weak and trying to cover his ass
No one gonna trust kevin
i think kevin is telling the truth. binance is the biggest crypto criminal. they hold most of the coins and uses it for their pump and dump scheme. their sophisticated bots hunt liquidation and stoploss, they trap investors then dump the price of a certain coin by 99%.
Joker 🃏 🤡 🃏 🤡
100% true!
sbf must botak endase like cz_binance 😂
Cow 🐄 shit
Isn't Kevin O'Leary who took the money?
BNB about to crash harder than ever!
SBF s BFF
What a joke. There goes his career.
Money talks....
Me prefer Binance above ledger.
Can cz_binance file suit against this O’Leary creep for that statement?
He is such a scum bag and a Liar
*Bank run has entered the chat*
Sorry that’s were kevin loses about everyone ! Bullshit
What a wonderful blame game! Kevin's cooked and hes smelling like stinky stew..
Gone mad
the $15million testimony
Horse 💩
🤡🤡🤡
He’s hating because he put his mouth and his money in the wrong place. Plus, how tf can a “Tweet” put your multi Billion Dollar “Behemoth” Exchange out of business? Reality is a LOT of things were wrong with it, CZ just tried to warn us all…
Extremely Volatile asset class. Nothing more needs to be said.
Why was he even called in regarding FTX? What is he not telling us about his involvement?
🤡
Guy has no idea about anything..... How has been able to make his fortune is beyond me.
Scumbags kevinolearytv and SBF_FTX
Binance should sue him.
NGL,you look good in the thumbnail cz_binance 😂😂😂
cz_binance is the biggest scammer. Hope to get in jail for manipulating the markets!
放屁
BS. Incompetence and Fraud put FTX out of business
Kevin O'Leary outright lied under oath even knowing the facts and what he's charged with! Lost any shred of credibility he may have had left.
Use an exchange that doesn’t trade against their own clients. Coinmetro is one.
I hope he’s got enough money to fight a slander suit
Scumbag and sore loser.
He still could not tolerate the desire to enjoy other people's money
kevinolearytv
FACT Ok yeah, but I only use ChiefraFba for signals and analysis
Totally agree, but I only use ChiefraFba for signals and analysis