Kevin O’Leary Reveals FTX Paid Him $15 Million to Become a Spokesperson for the Exchange

Shark Tank prima Kevin O’Leary, aka Mr. Wonderful, has revealed that the collapsed crypto speech FTX paid him astir $15 cardinal to go its spokesperson. “I enactment astir $9.7 cardinal into crypto. I deliberation that’s what I lost. I don’t know. It’s each astatine zero,” O’Leary said.

Kevin O’Leary Was Paid $15M by FTX

Shark Tank prima Kevin O’Leary revealed successful an interrogation with CNBC Thursday that the collapsed crypto speech FTX paid him astir $15 cardinal past twelvemonth to go its spokesperson.

Noting that helium fell prey to “groupthink,” O’Leary detailed:

Total woody was conscionable nether $15 million, each successful … I enactment astir $9.7 cardinal into crypto. I deliberation that’s what I lost. I don’t know. It’s each astatine zero.

The Shark Tank prima further revealed that helium besides had implicit $1 cardinal of FTX equity, which is present rendered worthless owed to the bankruptcy extortion process. In addition, Mr. Wonderful explained that the equilibrium of a small implicit $4 cardinal was purportedly eaten up by taxation and cause fees. He admitted:

It was not a bully investment.

FTX filed for bankruptcy connected Nov. 11 and Sam Bankman-Fried (SBF) stepped down arsenic the CEO. The institution is present being investigated for mishandling lawsuit funds. FTX’s caller CEO, John Ray, told the bankruptcy court: “Never successful my vocation person I seen specified a implicit nonaccomplishment of firm controls and specified a implicit lack of trustworthy fiscal accusation arsenic occurred here.”

Despite stating that helium mislaid millions of dollars successful the FTX collapse, O’Leary has insisted that Bankman-Fried is 1 of the champion traders successful the crypto abstraction and that helium would back him again if helium has different venture. This has shocked the crypto manufacture since astir radical judge that Bankman-Fried is simply a fraud and a conman. Some person compared the FTX meltdown to Bernie Madoff’s Ponzi scheme.

Bankman-Fried has insisted that helium did not knowingly perpetrate fraud. Like O’Leary, billionaire hedge money manager Bill Ackman likewise said helium believes SBF was telling the truth. Mr. Wonderful besides precocious revealed that helium almost secured $8 cardinal to prevention FTX earlier it collapsed and had to record for bankruptcy.

What bash you deliberation astir Kevin O’Leary being paid $15 cardinal to go FTX’s spokesperson? Let america cognize successful the comments conception below.

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