Republican Senator Pat Toomey grilled the FTX spokesperson Kevin O'Leary on the recent collapse of the crypto exchange.
RELATED: FTX is facing a class action lawsuit. What we know about the company.
Congress waded into the complex, mystifying world of cryptocurrency Tuesday with a hearing on FTX, a newfangled company that found an old-fashioned way to lose billions of dollars, according to its CEO.
Federal prosecutors unsealed an eight-count indictment Tuesday against a former CEO, Sam Bankman-Fried, who was arrested in the Bahamas on charges including wire fraud and misusing customer funds. Customers lost an estimated $8 billion and the company has filed for Chapter 11 bankruptcy protection.
The hearing before the House Financial Services Committee explored the new frontier of cryptocurrency for transferring money – and wealth – through the digital realm. The unfamiliar landscape adopted a language of blockchain and crypto wallet.
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Put him in jail too.
He didn’t do anything criminal in this case
he and his wife also murdered someone once on muskoka lake. lock em forever.
you can’t he had nothing to do with the business… besides being paid spokes man but he was also an early investor that lost lots of money…
Kevin is a scammer. Throw him in jail
Is this guy for real ? What’s Kevin been smoking 🤣
Why does it seem Kevin O’Leary is constantly soft-pedaling the culpability of Sam Bankman-Fried?
Bc if proven money was bad Kevin has to return all his money back as a spoke person. He would have to give back 15mil plus carry a bad name
Because Sam is in custody soon to be indicted to the U.S. If Kevin turns on him then Sam will turn on Kevin and reveal how much Kevin really knew about the scam.
What a way to go down, he’s throwing a life jacket to Sam well he’s a shark he can survive in deep water
Look at this snake O’Leary blaming Binance for FTX collapse! 🤣😂
Must be nice to get paid $15 Million to sell out.
SEC Charges Eight Social Media Influencers, In $100 Million Manipulation Scheme
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Though it may be true that Binance put FTX out of business, it would only have been possible because of the actions (crimes) by SBF in the way the assets were handled. SBF put the company at risk and Binance was able to take advantage of that.
yeah, FTX is a house of cards, Binance just tipped it over
Why’s he still blaming anyone but SBF? He spent user funds. End of story.
I want my money back now!! I’m down $$$ in my market portfolio. Someone’s got to held accountable. I want it back!!
Good thing Binance put them out of business otherwise they’d still be taking peoples money.
Kevin is still defending him!
Coz Sam is under custody ready to talk. Kevin is too smart to throw Sam under the bus knowing Sam has a lot on him. It’s possible Kevin knew it was a Ponzi Scheme and scammed thousands to get in on groundfloor.
Kevin, Your actions and public promotion of this matter are blatantly crafted for your own self-interests. I’ll remind you that the prosecutor for the US attorneys general office request that anyone involved in any wrong doing in this matter come forward before they come see you.
He’ll say whatever he has to to avoid being prosecuted. He might well have known what was going on.
He is deflecting the scam away from SBF. Other than being a FTX competitor binance did nothing wrong. Kevin needs to be investigated as well because he probably got paid to defend him.
*I think inflations is causing the current situation we already have now,increments in the price of gas,and rate of unemployment is becoming inconducive.it’s obvious we are headed for hyperinflation, unfortunately having a job doesn’t mean been safe rather having multiple income streams that doesn’t depend on the government would be a great decision,*
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Now he wants regulation? Sounds like he’s trying to make Sam look like not a bad guy so he doesn’t rat on him
FTX didn’t go out of business because of Binance, they went out business because the business itself was predicated on fraud.
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Seeing Alot of success stories, he’s must be honest and trustworthy for people to talk this good about him.
I’m interested too but I don’t know how to start, been going from video to video but I don’t understand a thing
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