Monday, June 24, 2024
The TRUTH On Why FTX Collapsed (According to Kevin O'Leary's Testimony)

The TRUTH On Why FTX Collapsed (In accordance with Kevin O’Leary’s Testimony)

by Jeremy

It was a little bit of a head-scratcher for most of the people as to why O’Leary, who usually had a constructive fame up till now, would threat his high-profile fame and go down in flames with SBF. He may have simply denounced SBF’s questionable actions or a minimum of been impartial stance, however he defended him. However apparently, there’s extra to the story. O’Leary testified in entrance of Congress on Wednesday to offer his tackle what occurred with the FTX collapse. His account of what occurred proper earlier than the collapse basically pointed an enormous finger on the CEO of Binance, CZ. Binance has been making headlines as of late when it began trending on Twitter in regards to the purple flags raised concerning their reserves. This brought about Binance to have its largest outflow of capital ever within the corporations, as outflows of $3.6 billion in occured up to now week. As well as, Reuters reported that U.S. Justice Dept was cut up over charging Binance, who, in keeping with “sources”, are being checked out for unlicensed cash transmission, cash laundering conspiracy and prison sanctions violations. Binance has denied any wrongdoing, and are suggesting Reuters is deliberately creating FUD. And now it seems, Kevin O’Leary is leaping on the wagon at smearing the title of Binance. In his testimony, O’Leary made it clear that, in his opinion, Binance deliberately put FTX out of enterprise.
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Kevin O’Leary: “You Ask Me Why FTX Went Bankrupt…”

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