Pointing Finger: Binance Intentionally Caused FTX Collapse Says Mr. Wonderful, Kevin O’Leary!

Amid the bankruptcy proceedings, the Canadian celebrity entrepreneur and FTX investor star Kevin O’Leary sharply criticized crypto exchange Binance and its CEO Changpeng Zhao, a/k/a CZ, claiming they intentionally caused FTX’s collapse. At a hearing of the Senate Banking, Housing and Urban Affairs Committee, the prominent businessman said Binance is now a “massive, unregulated monopoly.”

Kevin O’Leary, who was heavily invested in FTX and its paid spokesman, said: “I have an opinion, not the records. One put the other out of business – intentionally.”

Binance, the world’s largest cryptocurrency exchange, used to be an early investor in FTX and played a decisive role in its collapse in November 2022. Binance CEO Changpeng “CZ” Zhao announced he would sell the exchange’s holdings of FTX’s native token, FTT, triggering a liquidity crisis.

In his public statements, Kevin O’Leary has said that he did not know Binance was an investor at the time he joined FTX. CZ called him a liar for this, which angered O’Leary.

To us, O’Leary’s statements already sound a lot like dismissing one’s own guilt and looking for others to blame. The blame game has long since begun and Kevin O’Leary is one of the big players.


Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here