Investor and Shark Tank star Kevin O’Leary told Yahoo Finance that he believes ex-FTX CEO Sam Bankman-Freed is innocent until his alleged fraud is proven.
The narrative on the @FTX_Official the situation is quickly changing from “throw everyone in jail” to “where is my money?” Time for a forensic audit and some facts! pic.twitter.com/MdHy4Dqt5F
— Kevin O’Leary a.k.a. Mr. Wonderful (@kevinolearytv) December 6, 2022
In recent days, the co-founder of the bankrupt exchange has given several interviews for which he has been criticized by the community.
Galaxy Digital founder Mike Novogratz called his statements “nonsense”, and ex-CEO of MicroStrategy Michael Saylor accused him of being “shitkoiner” and unethical. Binance CEO Changpeng Zhao called Bankman-Fried “one of the greatest scammers in history.”
O’Leary did not make such emotional assessments.
“I am one of those who believes: “You are innocent until proven otherwise.” This is my belief, and I need facts. Therefore, if you tell me that you did something or not, I will believe you. Until I discover that this is a lie, ”said the investor.
In his opinion, it is necessary to audit the collapsed platform in order to return at least part of the investors’ money. He noted that thanks to blockchain technology, all transactions of the exchange are 100% verifiable, and “the truth will be known.”
“If someone breaks the law, they will be held accountable,” O’Leary said.
He added that he was confident in the return of funds, since he was also “in this situation.”
“We all need a way to recover, but we don’t have one,” the investor concluded.
In November, O’Leary admitted that he sympathized with Bankman-Freed. He called him a brilliant trader and expressed a desire to support him if a new project was launched.
Recall that broker Jordan Belfort, known as the “Wolf of Wall Street”, in a podcast dedicated to cryptocurrencies, called FTX “an outright scam.”
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