Kevin O’Leary Slammed for Saying He’d Back Former FTX CEO Again — Insists SBF Is a ‘Brilliant’ Crypto Trader

Shark Tank prima Kevin O’Leary, aka Mr. Wonderful, says that helium would again backmost Sam Bankman-Fried (SBF), the erstwhile CEO of the collapsed crypto speech FTX. “You can’t beryllium serious,” galore radical told O’Leary, alleging that SBF is simply a fraud who stole billions from FTX customers.

Kevin O’Leary Ignores Evidence of Fraud, Says He’d Back ex-FTX CEO Sam Bankman-Fried Again

Shark Tank prima Kevin O’Leary has shocked galore radical erstwhile helium said connected the Crypto Banter podcast, published Tuesday, that helium would inactive backmost Sam Bankman-Fried (SBF), the erstwhile CEO of the collapsed crypto speech FTX. Last week, the crypto institution filed for Chapter 11 bankruptcy and Bankman-Fried stepped down arsenic the CEO.

O’Leary has an equity involvement successful FTX and has signed a multiyear deal to go the crypto exchange’s ambassador and spokesperson. His compensation was paid successful crypto and managed connected the FTX platform.

“If SBF knocked connected your doorway again and said, ‘Look I failed successful my past venture, I person a caller crypto venture, I request money,’ would you backmost him?” O’Leary was asked. He replied:

The reply would beryllium yes.

The Shark Tank prima described: “I deliberation we tin each admit you tin emotion them oregon hatred them fixed what’s happened.” However, Mr. Wonderful added:

He was 1 of the astir superb traders successful the crypto universe. He besides built 1 of the astir robust platforms. We utilized FTX actively. It was a precise robust level that allowed america to get accusation connected a compliant basis, truthful I truly similar what helium built.

O’Leary proceeded to item however helium would put successful Bankman-Fried “in a antithetic context” adjacent time. The Shark Tank prima explained that SBF “would not person operational power of the assets” but helium would person trading control. “You’re going to find, assuming helium doesn’t get progressive successful a atrocious concern someway personally, that helium volition beryllium recovered determination other successful crypto,” helium added.

“I cognize each the players successful the crypto marketplace and I’m conscionable telling you there’s cipher rather similar him … I’m telling you Sam Bankman-Fried is an antithetic 1% idiosyncratic successful presumption of knowing however these assets work,” Mr. Wonderful continued.

Circling backmost to the question astir whether helium would backmost SBF successful his adjacent venture, O’Leary said:

If I could enactment him connected my squad successful a precise consecutive vertical wherever helium doen’t person the quality to determination assets astir but has the quality to commercialized them, yea I would.

Many People Disagree With O’Leary, Calling Bankman-Fried a Fraud

O’Leary’s comments near the crypto assemblage successful disbelief. Many radical took to Twitter to slam the Shark Tank star. “Sam committed 1 of the largest frauds successful history,” 1 Twitter idiosyncratic wrote. Another reminded O’Leary that SBF scammed his FTX customers and stole billions from them.

Will Clemente, co-founder of Reflexivity Research, wrote: “Unbelievable. Kevin O’Leary says helium would backmost SBF again and [that] helium was a ‘great trader.’ Kevin, you bash recognize helium was front-running and counter-trading his ain customers and dumping accumulated tokens connected his ain customers? You cannot beryllium serious.”

Crypto lawyer John E. Deaton stressed: “SBF did not neglect successful his past venture. What is incorrect with Kevin O’Leary.” He emphasized:

He didn’t neglect not-so-Mr. Wonderfull. He lied. Cheated. Deceived. Committed insider-trading and stole people’s money. O’Leary had the audacity to knock Brian Armstrong but helium would backmost SBF again. My God.

Ripple CTO David “JoelKatz” Schwartz opined: “I tin forgive radical for getting fooled erstwhile others were fooled too, but I cannot forgive radical for being willfully unsighted to overwhelming evidence.”

What bash you deliberation astir Kevin O’Leary saying that helium would backmost Sam Bankman-Fried again? Let america cognize successful the comments conception below.

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