CNBC contributor Kevin O’Leary has called his promotional deal with FTX “a bad investment.” Furthermore, he is among a number of celebrities sued for misguiding investors.
The “Shark Tank” star has spoken out about his involvement with the now-bankrupt FTX exchange. Speaking on the outlet’s “Squawk Box” on Dec. 8, O’Leary rekao he had lost almost all of the $15 million from the FTX payday.
The kanadski investor got paid to act as a spokesman for the now-defunct FTX.com. “Total deal was just under $15 million, all in,” O’Leary admitted before adding:
“I put about $9.7 million into crypto. I think that’s what I lost. I don’t know. It’s all at zero.”
O’Leary was grilled for failing to properly assess the risks associated with investing and promoting the platform. He remained upbeat about the wider crypto ecosystem. “This whole FTX debacle changes nothing regarding the long-term potential of crypto,” he tweeted.
Source: https://beincrypto.com/kevin-oleary-laments-15m-ftx-promo-payday-loss/