Shark Tank Star Kevin O’Leary, aka Mr. Wonderful, has voiced his support for the collapsed crypto-exchange FTX and its former chief executive officer. Sam Bankman-Fried (SBF). “This is America. The justice system provides for the presumption of innocence unless proven otherwise,” He stated. O’Leary also dismissed Binance CEO Changpeng Zhao (CZ)’s claims that he lied at an event Senate hearing. the US about why FTX failed.
Kevin O’Leary Addresses FTX’s Collapse
Shark Tank star Kevin O’Leary was interviewed by CNBC and defended his role as a spokesperson for the crashed crypto exchange FTX. He He also noted that Binance CEO Changpeng Zhao (CZ) labeled him a liar.
When He was asked why he didn’t criticize the ex-CEO of FTX. Sam Bankman-Fried (SBF), O’Leary replied:
This Is America. The The presumption that you are innocent is part of the justice system, unless it is proven otherwise.
The An ex-FTX executive was taken into police custody in the Bahamas Last week. The He and his cryptocurrency exchange were charged with fraud by the US government and regulators. O’Leary FTX spokesperson, and also an investor in the stock exchange that crashed. The To become its spokesperson, the company paid him approximately $15 million. Shark Tank Star said that he didn’t get to the bankruptcy filings of the exchange.
When asked, “Are you still pooling the money FTX paid you that you lost, or did you actually invest some of your own funds?” The Shark Tank Star replied: “Money is fungible.” CNBC’s Joe Kernen later noted, “So You didn’t. Once You are a venture capitalist and you have gambled your way to success. You You didn’t even have to pay taxes for your money.”
Then Andrew Ross Sorkin Ask O’Leary: “What What do you think happened? Do You think that this was a scam? Emphasizing That he doesn’t “have the facts” FTX’s CEO has a new job. “have them yet either,” Mr. Wonderful responded:
I’m Looking for my records. I’m I am willing to pay for a forensic audit. I’d like to know the details. There Many bad things have been alleged. No It is not to be doubted. Some Many of them will be true, likely because there is not enough money. Somewhere The cash has disappeared.
O’Leary Reacts To Binance CEO CZ Accusation
Following O’Leary’s Witnesses before the Senate Banking Committee He stated that he believes FTX failed due to the failure of a rival crypto exchange Binance It was deliberately taken out of business. Binance CEO Changpeng Zhao (CZ) star-rated Shark Liar tank.
Mr. Wonderful emphasized:
Yesterday CZ called me a lie on air. He Then he suggested that i perjure myself in front the US Senate This week, I will be working for 2 hours. I can assure that this is not true.
“Another little parable here that you have to understand,” O’Leary continued. He His biological father was his explanation, he continued. IrishHe also said that his father had told him when he was a child, “Son, never call an Irishman a liar unless you know for sure it’s true.” The Shark Tank Star then asked his father. “Why is that daddy?” His The father responded: “Because the Irish are crazy.”
Referring CZ’s accusations, Mr. Wonderful emphasized: “I’m not happy about this,” adding:
At The bottom line is that I don’