Shark Tank Star Kevin O’Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried – Featured Bitcoin News
, 2022-12-18 21:03:44,
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried (SBF). “This is America. The justice system provides the presumption of innocence unless proven otherwise,” he stressed. O’Leary also denied the accusation by Binance CEO Changpeng Zhao (CZ) that he perjured himself in a U.S. Senate hearing over why FTX failed.
Kevin O’Leary on FTX’s Collapse
Shark Tank star Kevin O’Leary defended his position as a spokesperson for the collapsed crypto exchange FTX in an interview with CNBC Friday. He also commented on Binance CEO Changpeng Zhao (CZ) calling him a liar.
When asked why he did not stridently condemn former FTX CEO Sam Bankman-Fried (SBF), O’Leary replied:
This is America. The justice system provides the presumption of innocence unless proven otherwise.
The former FTX executive was arrested in the Bahamas last week. The U.S. government and several regulators have filed a number of fraud charges against him and his crypto exchange. O’Leary was FTX’s spokesperson and an investor in the exchange when it collapsed. The company paid him about $15 million to become its spokesperson, which the Shark Tank star said was lost when the exchange filed for bankruptcy.
When asked, “Are you still conflating money you got paid by FTX that you lost, or did you actually invest some of your own funds?” the Shark Tank star replied: “Money is fungible.” CNBC’s…
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