Kevin O’Leary Reveals FTX Paid Him $15 Million to Become a voice for the Exchange

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has unconcealed that the folded crypto exchange FTX paid him about $15 million to become its voice. “I put about $9.7 million into crypto. I believe that’s what I lost. I don’t understand. It’s all at zero,” O’Leary aforesaid.

Kevin O’Leary Was Paid $15M by FTX

Shark Tank star Kevin O’Leary revealed in an interview with CNBC weekday that the folded crypto exchange FTX paid him about $15 million last year to become its voice.

Noting that he fell prey to “groupthink,” O’Leary detailed:

Total deal was slightly below $15 million, beat … I placed $9.7 million into crypto. I believe that’s what I lost. I don’t understand. It’s all at zero.

The Shark Tank star additional revealed that he additionally had over $1 million of FTX equity, that is currently rendered worthless thanks to the bankruptcy protection method. Additionally, Mr. Extraordinary explained that the balance of a touch over $4 million was supposedly eaten by taxation and agent fees. He admitted:

It was not a good investment.

FTX filed for bankruptcy on Nov. eleven and guided missile Bankman-Fried (SBF) stepped down because the chief executive officer. The company is currently being investigated for mishandling client funds. FTX’s new chief executive officer, John Ray, told the bankruptcy court: “Never in my career have I seen such an entire failure of company controls and such an entire absence of trustworthy monetary info as occurred here.”

Despite stating that he lost innumerable bucks within the FTX collapse, O’Leary has insisted that Bankman-Fried is one among the most effective traders within the crypto house which he would back him once more if he has another venture. This has appalled the crypto trade since the general public believe that Bankman-Fried could be a fraud and a conman. Some have compared the FTX meltdown to Bernie Madoff’s Ponzi theme.

Bankman-Fried has insisted that he didn’t wittingly commit fraud. Like O’Leary, billionaire person hedge fund manager Bill Ackman equally aforesaid he believes SBF was telling the reality. Mr. Wonderful recently revealed that he virtually secured $8 billion to save lots of FTX before it folded and had to file for bankruptcy.