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Kevin O’Leary may be one…he’s been supporting SBF even through the indictment.

sillysaurusx 4y ago
Has he? From what I've seen, he backpedaled almost immediately. Everyone just seems pissed at him for taking $15M to be a spokesperson, but the moment FTX imploded he was calling for regulation and saying that no investors will be touching crypto exchanges till then. If he's actually been supporting SBF, I'd be curious to know.
- mshake2 4y ago
  Watch his testimony before Congress about FTX. He says in no uncertain terms that the cause of the collapse was Binance. He's also stated early on in the collapse that he would back SBF again. He's a paid shill.
  - JCharante 4y ago
    I mean CZ did sell FTX Tokens didn't he? Add on that the main competitor of FTX dumped FTX Tokens on exchanges which drove down the price.
    - mshake2 4y ago
      Now we're moving the goalposts into a separate discussion. The question was whether or not O'Leary supported SBF post collapse.
      - sillysaurusx 4y ago
        Thanks for pointing out O’Leary’s testimony. I hadn’t heard it.
    - notch656c 4y ago
      Have you watched the testimony? I encourage you to watch it. It's not just that he said those things, it's that he omitted much of the rest. As a third party observer his responses were just absolutely baffling. Whenever blame was pointed at Sam he seemed to say some variation "we need more data" or "we need <my brand> of regulation" or deflecting to Binance/CZ while not giving Binance the same benefit of "we need more data" that he gave to Sam. I've come to question if O'Leary is to SBF as Jeffry Picower was to Madoff. An entity who perhaps secretly knew but can never be proven to know and just looks like another victim.
    - shapefrog 4y ago
      > CZ did sell FTX Tokens Because he was concerned they were insolvent and were using customer funds to cover trading losses and buy penthouses. Turns out they were insolvent and using customer funds to cover trading losses and buying penthouses. Unless CZ held a gun to SBFs head and made him lever up, lose billions then double down, take customer funds to the casino and try to win back $10billion then its kinda hard to blame CZ.
- MuffinFlavored 4y ago
  Isn't SBF responsible for Kevin losing a decent chunk of money? How can you support somebody who loses you money? Does Kevin really believe SBF did it all on accident/got in over his head/didn't know he messed up until it was too late?
  - Hamuko 4y ago
    As far as I can see, SBF paid Kevin to be a spokesman for FTX, and he lost that money when FTX went down. I don't think he had personal investments in FTX beyond his reputation.

Has he? From what I've seen, he backpedaled almost immediately. Everyone just seems pissed at him for taking $15M to be a spokesperson, but the moment FTX imploded he was calling for regulation and saying that no investors will be touching crypto exchanges till then. If he's actually been supporting SBF, I'd be curious to know.

mshake2 4y ago
Watch his testimony before Congress about FTX. He says in no uncertain terms that the cause of the collapse was Binance. He's also stated early on in the collapse that he would back SBF again. He's a paid shill.
- JCharante 4y ago
  I mean CZ did sell FTX Tokens didn't he? Add on that the main competitor of FTX dumped FTX Tokens on exchanges which drove down the price.
  - mshake2 4y ago
    Now we're moving the goalposts into a separate discussion. The question was whether or not O'Leary supported SBF post collapse.
    - sillysaurusx 4y ago
      Thanks for pointing out O’Leary’s testimony. I hadn’t heard it.
  - notch656c 4y ago
    Have you watched the testimony? I encourage you to watch it. It's not just that he said those things, it's that he omitted much of the rest. As a third party observer his responses were just absolutely baffling. Whenever blame was pointed at Sam he seemed to say some variation "we need more data" or "we need <my brand> of regulation" or deflecting to Binance/CZ while not giving Binance the same benefit of "we need more data" that he gave to Sam. I've come to question if O'Leary is to SBF as Jeffry Picower was to Madoff. An entity who perhaps secretly knew but can never be proven to know and just looks like another victim.
  - shapefrog 4y ago
    > CZ did sell FTX Tokens Because he was concerned they were insolvent and were using customer funds to cover trading losses and buy penthouses. Turns out they were insolvent and using customer funds to cover trading losses and buying penthouses. Unless CZ held a gun to SBFs head and made him lever up, lose billions then double down, take customer funds to the casino and try to win back $10billion then its kinda hard to blame CZ.
MuffinFlavored 4y ago
Isn't SBF responsible for Kevin losing a decent chunk of money? How can you support somebody who loses you money? Does Kevin really believe SBF did it all on accident/got in over his head/didn't know he messed up until it was too late?
- Hamuko 4y ago
  As far as I can see, SBF paid Kevin to be a spokesman for FTX, and he lost that money when FTX went down. I don't think he had personal investments in FTX beyond his reputation.