Kevin O’Leary says he would invest in FTX founder Sam Bankman-Fried Again

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    Sam Bankman-Fried at a benefit event on June 23, 2022 in New York City (left) Kevin O'Leary speaks onstage at a conference on December 8, 2016 (right)

Sam Bankman-Fried at a benefit event on June 23, 2022 in New York City (left) Kevin O’Leary speaks onstage at a conference on December 8, 2016 (right)
Image: Craig Barritt/Marla Aufmuth (fake images)

Kevin O’Leary, an investor best known for the Shark Tank show, was asked Tuesday if he would invest in Sam Bankman-Fried again, even after the FTX founder admitted to channeling billions of dollars in customer funds for your own hedge fund and caused the crypto platform to file for bankruptcy last week. O’Leary reflects on the question for a few seconds and says yes, he would invest in Bankman-Fried, in a clip that is no longer there. viral on social networks

o’learywho was previously a paid spokesperson for FTX, made the shocking admission in an episode of the YouTube show crypto jokes which has more than half a million subscribers. O’Leary admitted that while Bankman-Fried, or SBF as he is often known, could go to prison for what he did, the 30-year-old is supposedly a genius who should be given a second chance.

“I think we can all admit it, you can love him or hate him, given what happened, but he was one of the most brilliant traders in the crypto universe. He also built one of the most robust platforms. We actively use FTX. It was a very robust platform that allowed us to get standards-compliant information, so I really like what it built…” O’Leary said.

“Would you back it up?” Crypto Banter host Ran Neuner asked.

“The answer would be yes. And I’ll tell you how I would do it. I would do it in a different context. It would not have operational control of the assets. I would have commercial control,” O’Leary explained.

O’Leary, who was also a shareholder in FTX, He said the last time he spoke to SBF was on Thursday, shortly before FTX filed for bankruptcy. And the Shark Tank celeb really couldn’t say enough good things about SBF, assuring viewers that he was one brilliant mind. and suggesting that he will be victorious when the dust has settled.

“I know all the players in the cryptocurrency market and I just tell them there is no one like him,” O’Leary said.

SBF used at least $10 billion in FTX client funds to prop up its Alameda Research hedge fund, according to Reuters, a move that is very much against the law. And that’s not to mention what FTX was counting as assets, which must be counted as fraud by any simple reading of the word. FTX was using counterfeit money that it created in the form of two tokens, FTT and Serum, and passed them off as real money.

It’s not just O’Leary who is treating this incredibly illegal and fraudulent act like some kind of oopsie-daisy. the New York Times ran strangely nice article recently that painted a picture of SBF as just a guy who was unlucky with his investment decisions.

O’Leary says repeatedly in the new interview with Crypto Banter that we don’t know the facts yet and that he will wait until we know more about what happened at FTX. But we actually know a lot of facts at the moment, thanks not only to diligent reporting in outlets like Reuters and the financial times—because the same SBF has admitted that it used billions in FTX funds to make risky bets on Alameda.

And yet, O’Leary describes SBF as “productive,” “disciplined” and “efficient” in the new interview, which is available at Youtube.

BREAKING: Kevin O’Leary would invest in SBF (FTX) AGAIN!

“Sam Bankman-Fried is an unusual one percent person in terms of understanding how these assets work,” O’Leary said.

Well, we have to agree with you on that, Mr. O’Leary. SBF certainly knew how ponzi schemes work. But he wouldn’t give him a penny after all the pain he’s caused. average working people who trusted FTX with their money.

#Kevin #OLeary #invest #FTX #founder #Sam #BankmanFried

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