Kevin O’Leary Discloses That FTX Paid Him $15 Million to Speak on behalf of the Exchange

Must read

Kevin O’Leary, or Mr. Wonderful, a Shark Tank celebrity, has disclosed that the defunct cryptocurrency exchange FTX paid him roughly $15 million to serve as its spokesperson.

I invested roughly $9.7 million in cryptocurrencies

Shark Tank star Kevin O’Leary revealed that the defunct cryptocurrency exchange FTX paid him roughly $15 million last year to serve as its spokesperson in an interview with CNBC on Thursday.

The Shark Tank celebrity also disclosed that the bankruptcy protection procedure had made his over $1 million in FTX shares worthless.

On November 11, FTX declared bankruptcy, and Sam Bankman-Fried (SBF) resigned as CEO.

 O’Leary has asserted that Bankman-Fried is one of the best traders in the cryptocurrency space despite saying that he lost millions of dollars in the FTX collapse and that he would support him once more if he started a new business.

Given that the majority of people think Bankman-Fried is a fraud and conman, this has shocked the cryptocurrency industry.

According to Bankman-Fried, he did not intentionally commit fraud.

Bill Ackman, a multibillionaire hedge fund manager, expressed a similar belief that SBF was telling the truth to O’Leary.

Additionally, Mr. Wonderful recently disclosed that, just before FTX collapsed and had to file for bankruptcy, he came close to securing $8 billion to save it.

More articles


Please enter your comment!
Please enter your name here

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest article