The discussion surrounding the demise of what was once one of the biggest crypto exchange in operation has grown courtesy of the Senate Banking Committee hearing on FTX, which is taking place today. While it does not involve any of the FTX employees, four different witnesses are going to testify in front of the panel.
Kevin O’Leary Testifies
Among these witnesses is Kevin O'Leary, from Shark Tank fame and also an investor in FTX. He has also previously been a paid spokesperson for the now-bankrupt crypto exchange.
Although the FTX debacle has left him at a loss, O’Leary still remains a staunch supporter of the blockchain technology and cryptocurrency in general.
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According to O’Leary, he spoke with the FTX founder Sam Bankman Fried after the business declared bankruptcy. He quoted Bankman-Fried as saying that a large portion of the missing money was used to buy back FTX shares from Binance founder Changpeng “CZ” Zhou.
O’Leary Slams Binance
O’Leary said that $2 billion to $3 billion in funds were used to buy shares, emptying the balance sheet of all assets in the process.
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Svedočio je senatu da,
Binance je sada ogroman neregulisani monopol. Ovo je moje lično mišljenje.
Furthermore, as per O’Leary — Bankman-Fried had stated that he needed to purchase these shares because CZ was effectively blocking compliance requirements in a number of different locations where the exchange was attempting to gain regulatory approval.
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According to his testimony, CZ would not comply with the data requirements imposed by a number of different jurisdictions. He was also quoted saying that Binance je namjerno pokušao da stavi van posla konkurentskog FTX-a.
The troubles at FTX extended much further than just obtaining shares from CZ, as demonstrated by various claims made by prosecutors and by the newly appointed CEO of FTX, John J. Ray III.
However, it seems like Kevin places most or at least some of the responsibility on Binance, which was rivaled by FTX during its heydays.
Predstavljeni sadržaj može sadržavati lično mišljenje autora i podložan je tržišnim uslovima. Istražite tržište prije nego što investirate u kriptovalute. Autor ili publikacija ne snosi nikakvu odgovornost za vaš lični finansijski gubitak.
Source: https://coingape.com/ftx-hearing-kevinoleary-attacks-binance-unregulated-monopoly/