Kevin O’Leary, an investor and star of the TV show Shark Tank, has expressed his desire to support former FTX CEO Sam Bankman-Freed (SBF) if he launches a new startup.
O’Leary was not embarrassed by the details associated with the potential bankruptcy of the bitcoin exchange.
Earlier, Bloomberg and The Wall Street Journal reported an $8 billion “hole” in FTX’s balance sheet. Bankman-Fried estimated a net worth of $1 billion. According to court documents, the platform operator has more than a million creditors.
“You can love him [SBF] or hate for what happened. But he is one of the most brilliant traders in the crypto universe.” — said the expert.
O’Leary admitted that he sympathized with Bankman-Freed. According to the investor, the ex-CEO of FTX will “suffer from slings and arrows.”
According to Fortune, the US Department of Justice has what it takes to initiate a criminal case against Bankman-Fried and other leaders of the bankrupt exchange.
Recall, the SEC and the CFTC have also begun to study the relationship of FTX with its US division and Alameda, according to Bloomberg. The agency considered it unlikely that the clients of the bankrupt exchange would return funds.
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Kevin O’Leary, an investor and star of the TV show Shark Tank, has expressed his desire to support former FTX CEO Sam Bankman-Freed (SBF) if he launches a new startup.
O’Leary was not embarrassed by the details associated with the potential bankruptcy of the bitcoin exchange.
Earlier, Bloomberg and The Wall Street Journal reported an $8 billion “hole” in FTX’s balance sheet. Bankman-Fried estimated a net worth of $1 billion. According to court documents, the platform operator has more than a million creditors.
“You can love him [SBF] or hate for what happened. But he is one of the most brilliant traders in the crypto universe.” — said the expert.
O’Leary admitted that he sympathized with Bankman-Freed. According to the investor, the ex-CEO of FTX will “suffer from slings and arrows.”
According to Fortune, the US Department of Justice has what it takes to initiate a criminal case against Bankman-Fried and other leaders of the bankrupt exchange.
Recall, the SEC and the CFTC have also begun to study the relationship of FTX with its US division and Alameda, according to Bloomberg. The agency considered it unlikely that the clients of the bankrupt exchange would return funds.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
