Shark Tank Star Kevin O’Leary, also known as Mr. Wonderful, who disclosed that he was given close to $15 million to become its representative by the failing crypto exchange FTX. “I put in around $9.7 million in crypto. I think that’s what I lost. I don’t know. Everything is at zero,” O’Leary said.
Kevin O’Leary Receives $15 Million from FTX
Shark Tank Star Kevin O’Leary In an interview with CNBC, he divulged Thursday He was paid $15 million to be its spokesperson by the failing crypto exchange FTX last year.
Noting He was then taken to his death. “groupthink,” O’Leary explained:
The entire deal was a bit under $15 million, all in… I put in around $9.7 million worth of crypto. That’s what I believe I lost. I don’t know. It’s All at zero
The Shark Tank Star revealed further that he also owned more than $1 million worth of FTX equity. However, this equity is now worthless as a result of bankruptcy protection proceedings. Additionally, Mr. Wonderful The balance of $4 million was allegedly used for taxes and agent fee. He accepted:
It It was not a smart investment.
FTX filed for bankruptcy November 11 Sam Bankman-Fried (SBF) has stepped down from his role as CEO. The Company is being investigated for mishandling funds. FTX’s CEO is now indicted. John RayThe bankruptcy court was told by. “Never in my career have I seen such a complete breakdown of corporate controls and such a complete absence of dependable financial information as happened here.”
Despite He claimed that he had lost millions of dollars due to the FTX crash. O’Leary He believes in the fact that Bankman-Fried He is one of the most prosperous traders in crypto and would back him again if he had another venture. This The crypto industry has been shocked by the fact that most people hold this. Bankman-Fried This is fraud and scammer. Some We have compared the FTX collapse to Bernie Madoff’s Ponzi scheme.
Bankman-Fried It claims that it didn’t knowingly commit fraud. Like O’LearyManager of a billion-dollar hedge fund Bill Ackman Also, he said that he believes SBF was telling the truth. Mr. Wonderful Also, he revealed that he almost secured $8 billion to save FTX from failure and he applied for bankruptcy.
What What do you think? Kevin O’Leary To be paid $15 Million to become the spokesperson of FTX Let Please tell us your thoughts in the comments section.
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