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Kevin O’Leary Wants To Invest In Failed Entrepreneurs Like SBF

One of the sharks on the well-known television program “Shark Tank,” Kevin O’Leary, chooses not to criticize FTX founder Sam Bankman-Fried whether it be in a broadcast interview, at a Senate hearing, or on the microblogging website Twitter.

Kevin O’Leary, a former paid spokesperson for the company and investor in the FTX exchange, recently used Twitter to express his unwavering support for the FTX founder, even after SBF was detained on December 12.

Kevin has said that he would rather invest in a business owner who has previously felt the anguish of failure. This is due to the fact that these people can appreciate how difficult it is to start a new business.

On Wednesday, O’Leary spoke before the Senate, defending Sam Bankman-Fried while criticizing FTX’s competitor exchange Binance and its CEO Changpeng “CZ” Zhao. When dealing with FTX, CZ allegedly refused to abide by the data standards set forth by a number of distinct jurisdictions and consciously intended to drive the competing cryptocurrency exchange “out of business.”

This resulted in a violent argument between the two, during which the CEO of Binance even publicly referred to Kevin O’Leary as a “liar” for giving the Senate false information about his Binance exchange.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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