Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that the collapsed crypto exchange FTX paid him about $15 million to become its spokesperson. “I put about $9.7 million into crypto. I think that’s what I lost. I don’t know. It’s all at zero,” O’Leary said.
Kevin O’Leary Was Paid $15M by FTX
Shark Tank star Kevin O’Leary revealed in an interview with CNBC Thursday that the collapsed crypto exchange FTX paid him about $15 million last year to become its басма сөз катчысы.
Noting that he fell prey to “groupthink,” O’Leary detailed:
Total deal was just under $15 million, all in … I put about $9.7 million into crypto. I think that’s what I lost. I don’t know. It’s all at zero.
The Shark Tank star further revealed that he also had over $1 million of FTX equity, which is now rendered worthless due to the bankruptcy protection process. In addition, Mr. Wonderful explained that the balance of a little over $4 million was purportedly eaten up by taxation and agent fees. He admitted:
It was not a good investment.
FTX filed for bankruptcy on Nov. 11 and Sam Bankman-Fried (SBF) stepped down as the CEO. The company is now being тергөө for mishandling customer funds. FTX’s new CEO, John Ray, told the bankruptcy court: “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
Despite stating that he lost millions of dollars in the FTX collapse, O’Leary has insisted that Bankman-Fried is one of the best traders in the crypto space and that he would back him again if he has another venture. This has shocked the crypto industry since most people believe that Bankman-Fried is a fraud and a алдамчы. Some have compared the FTX meltdown to Берни Мэдоффтун Понци схемасы.
Bankman-Fried has insisted that he did not knowingly commit fraud. Like O’Leary, billionaire hedge fund manager Bill Ackman similarly said he деп эсептейт SBF was telling the truth. Mr. Wonderful also recently revealed that he дээрлик камсыздалган $8 billion to save FTX before it collapsed and had to file for bankruptcy.
What do you think about Kevin O’Leary being paid $15 million to become FTX’s spokesperson? Let us know in the comments section below.
Image насыялар: Shutterstock, Pixabay, Wiki Commons
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Source: https://news.bitcoin.com/kevin-oleary-reveals-ftx-paid-him-15-million-to-become-a-spokesperson-for-the-exchange/