CZ Criticizes Kevin O’Leary For Standing With SBF
Binance CEO Changpeng Zhao (CZ) slammed Shark Tank star Kevin O’Leary on Friday for defending former FTX CEO Sam Bankman-Fried.
CZ claims that Kevin O’Leary’s loss of $15 million from FTX as a spokesman has altered his mind regarding crypto. It also forced him to defend and support a fraudster who stole money from customers.
Kevin O’Leary, on the other hand, continues to defend SBF. During a CNBC Squawk Box interview, O’Leary defended SBF once more, saying he is innocent until proven guilty. In response, Binance CEO said:
CZ stated that the company does due diligence even after investing. Binance was an early investor in FTX, but the Alameda and SBF ties made them uneasy. Thus, they opted to depart.
Binance CEO stated that the company would quit the crypto exchange FTX in July 2021. Since then, FTX has invested more than $5.5 million in a variety of businesses.
When Binance withdrew as an investor, he claimed Sam-Bankman-Fried threatened Binance staff members. “We still have those text messages,” he claimed.
SBF only invested in friends from the media, politicians, and celebrities like Kevin after Binance’s leave, according to Binance CEO, who alleges SBF exploited his power to sway public opinion, including targeting him and others in the crypto company.
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