“Binance Put FTX Out of Business Intentionally”: Kevin O’Leary
CoinEdition
Published Dec 16, 2022 12:50AM ET
Updated Dec 16, 2022 01:00AM ET
“Binance Put FTX Out of Business Intentionally”: Kevin O’Leary
- Investor Kevin O’Leary testified against Binance in the US Senate hearing on FTX.
- As former FTX spokesman, O’Leary claimed that Binance intentionally destroyed FTX.
- In his testimony O’Leary said, “Binance has an unregulated global monopoly.”
The Shark Tank judge, Kevin O’Leary, recently spoke at a Senate hearing and addressed the crash of the FTX crypto exchange. Senator Patrick Joseph Toomey Jr. of the United States questioned O’Leary about what according to him led to FTX’s decline during evidence at the Senate hearing. O’Leary slammed Binance in the hearing by blaming the rivalry between the former with FTX and said “Binance intentionally put FTX out of business”.
Contextually, the Bankman-Fried fiasco has finally reached the court after months of fear, uncertainty, and doubt in the crypto community. The collapse of the FTX exchange has drawn attention to certain celebrities and public figures who advocated FTX, yanking them under investigation and into the fire.
Kevin O’Leary, a former spokesman for FTX, had opposing views about Binance in his testimony. The investor said,
I have an opinion, I don’t have the records. These two behemoths that own the unregulated market together and released incredible businesses in terms of growth, were a ...The post “Binance Put FTX Out of Business Intentionally”: Kevin O’Leary appeared first on Coin Edition.
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