Kevin O'Leary: "You Ask Me Why FTX Went Bankrupt..."

Kevin O'Leary: "You Ask Me Why FTX Went Bankrupt..."

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For your information, you can find below the description of the video Kevin O'Leary: "You Ask Me Why FTX Went Bankrupt..." published by the Youtube channel Only The SAVVY:

It was a bit of a head-scratcher for the general public as to why O’Leary, who generally had a positive reputation up until now, would risk his high-profile reputation and go down in flames with SBF. He could have easily denounced SBF’s questionable activities or at least been neutral stance, but he defended him. But apparently, there’s more to the story. O’Leary testified in front of Congress on Wednesday to give his take on what happened with the FTX collapse. His account of what happened right before the collapse essentially pointed a big finger at the CEO of Binance, CZ. Binance has been making headlines as of late when it started trending on Twitter about the red flags raised regarding their reserves. This caused Binance to have its biggest outflow of capital ever in the companies, as outflows of $3.6 billion in occured in the past week. In addition, Reuters reported that U.S. Justice Dept was split over charging Binance, who, according to “sources”, are being looked at for unlicensed money transmission, money laundering conspiracy and criminal sanctions violations. Binance has denied any wrongdoing, and are suggesting Reuters is intentionally creating FUD. And now it appears, Kevin O’Leary is jumping on the wagon at smearing the name of Binance. In his testimony, O’Leary made it clear that, in his opinion, Binance intentionally put FTX out of business.
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Kevin O'Leary: "You Ask Me Why FTX Went Bankrupt..."