Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Shark Tank's 'Mr. Wonderful' Lost a TON of Money in Crypto Collapse But Would Still Back Crypto Bro
Posted
December 15, 2022
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13:07Now PlayingShark Tank investor Kevin O’Leary lost $15 million when the crypto exchange FTX blew up in a massive scandal. Ana Kasparian discusses on The Young Turks. Watch TYT LIVE on weekdays 68 pm ET.
Read more HERE
"Investor, “Shark Tank” judge and CNBC contributor Kevin O’Leary said Thursday he’s lost all of the $15 million FTX paid him to act as a spokesman for the now-collapsed crypto exchange that some have called fraudulent.
O’Leary and other celebrities, such as Tom Brady and Larry David, were sued by FTX investors who say the exchange’s ambassadors should have done more due diligence and exercised a greater level of care before promoting the crypto empire.
The Canadian investor was grilled by CNBC’s “Squawk Box″ hosts over his failure to properly assess the risks associated with investing and promoting FTX. O’Leary said that he fell prey to “groupthink,” and that none of his investment partners had lost money."
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