The collapse of FTX was triggered by Binance, investor Kevin O'Leary claimed at a Dec. 14 United States Senate committee hearing about the crypto exchange's meltdown. O'Leary, who was a paid spokesperson for FTX, provided details about conversations with Sam Bankman-Fried in the days before FTX filed for bankruptcy.
When asked by Senator Patrick Toomey why FTX failed, O'Leary replied,"I have an opinion. I don't have the records," before revealing his view that the heads of Binance and FTX were at war. O'Leary said that regulation was at the core of the silent war between the heads of the two crypto exchanges. As owners of a nearly 20% stake in FTX, Binance and Changpeng"CZ" Zhao had to comply with regulators' requests and compliance standards in different jurisdictions.
Source: News Formal (newsformal.com)
binance FTX_Official Rubbish
binance FTX_Official I wish this whole story would end, otherwise I'm already tired of waiting
binance FTX_Official Sure lol
binance FTX_Official If FTX had been competently run there was 0 reason for CZ to pull his stake. If FTX was competently run nothing CZ did could have killed it in a week. FTX was a fraudulent enterprise, O'Leary needs to accept it.
binance FTX_Official garbage. In this case disagree, he's been promoting 'coolaid' too much!
binance FTX_Official SBF's connected to many more things than just the Dems. He does have links to WEF, SEC, Biden... Find out before he dies as suspicious death
binance FTX_Official 🤡🤡
binance FTX_Official What a freaken Joke Kevin O’Leary has become .
binance FTX_Official Kevin O’Leary is a disgusting shill kevinolearytv
binance FTX_Official Kevin O'Leary his bullshitting now big time, he never blamed anybody when LUNA collapsed !!!!
binance FTX_Official CZ killed SBF. It had nothing to do with FTX being a total fraud 😂
binance FTX_Official Mr. Wonderful is a snake.
binance FTX_Official Haha love it
binance FTX_Official One has to be super tone deaf and super privileged to spout this when misuse of customer fund was plain fraud.
binance FTX_Official
binance FTX_Official great, Senate will decide based on someone's beliefs? Can they be more objective? Pepsi is out of business because its CEO is at war with Coke's CEO logic innit
binance FTX_Official If FTX was a legitimately run company as it publicly portrayed, a “tweet” by CZ should not have caused it to become insolvent to the public eye, sad to see O’Leary behaving in such an amateur way for a seasoned investor & entrepreneur himself, he should call it what it was, fraud
binance FTX_Official After all, my job is still just living a leisurely life
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »