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Kevin O’Leary explains how he went from
calling crypto ‘garbage’ to the ‘murder’
of his money in FTX collapse

Original Article

Posted By: Dreadnought, 12/9/2022 10:58:46 AM

"Shark Tank" investor Kevin O'Leary, while discussing fallout from crypto exchange platform FTX's bankruptcy, explained how he went from calling crypto "garbage" to it causing the "murder" of his money. "Fact changed," he said Thursday. After the governments of Canada, Switzerland and Australia all got behind cryptocurrency, O’Leary said he saw an opportunity. "Wait a second," he said. The "world’s changing. I got to be an investor." O’Leary said he felt that "getting involved" in FTX would give him "an inside seat" in the company. The "Shark Tank" star also revealed that he lost millions after FTX collapsed. His most recent comments came just weeks after

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Reply 1 - Posted by: Dreadnought 12/9/2022 11:01:25 AM (No. 1352837)
The stuff about him is much less interesting than what he obliquely states about very wealthy Hollywood royalty, sovereign and "institutional investors." It's almost as if he is signaling to Bankman-Fried (who is not in the US.) Why would a bankruptcy judge not allow the revelation of the top 50 creditors of this giant fraud?
7 people like this.

Reply 2 - Posted by: zephyrgirl 12/9/2022 11:04:29 AM (No. 1352840)
I can do it in one word: greed.
8 people like this.

Reply 3 - Posted by: DVC 12/9/2022 11:19:56 AM (No. 1352856)
He was right the first time. Cryptocurrencies are a SCAM. They are air, packaged up and presented as if it were "money", but with zero actual substance. Garbage is at least a physical thing. Crypto is NOTHING, just little 0s and 1s in a computer memory somewhere, and regardless of all the semi-hysterical ranting about how "block chains are the ultimate security"....sometimes crypto, notwithstanding all that magical block chain invincibility, just vaporizes.....like any other sets fo 0s and 1s in any other computer memory......PFFFT! Gone, forever.
12 people like this.

Reply 4 - Posted by: downnout 12/9/2022 11:39:16 AM (No. 1352882)
I once had some interest in O’Leary’s opinion but no more. Anyone that would get involved with SBF is not someone I could trust. The head of the CME spoke about his meeting with SBF, listened to what he had to say and told the guy flat out “You’re a fraud”. There were zero safety protocols.
6 people like this.

Reply 5 - Posted by: Safari Man 12/9/2022 12:17:09 PM (No. 1352931)
I'm leery o' Leary
8 people like this.

Reply 6 - Posted by: seamusm 12/9/2022 12:32:25 PM (No. 1352955)
A fool with his money........... What an idiot. He got what he deserved though he has money to burn and it won't really hurt him. But he is a public investment advisor. Some who listened to him about crypto have probably lost more than simple pin money.
6 people like this.

Reply 7 - Posted by: Enoch Powell 12/9/2022 1:32:13 PM (No. 1353006)
No half way intelligent investor, or, pray tell, speculator, would get near this scam. Arrest that pos by the way... the hyphenated Jewish boy.
4 people like this.

Reply 8 - Posted by: ussjimmycarter 12/9/2022 1:33:52 PM (No. 1353009)
I was in IT for 30 years. I know several OS's... I don't understand it and nobody can explain it to me!
4 people like this.

Reply 9 - Posted by: SkeezerMcGee 12/9/2022 1:49:35 PM (No. 1353026)
News has been ERRILY QUIET regarding the - at least - $40 million in "campaign contributions" FTX laundered into and out of Ukraine to Democrats, and (by the same route) at least $200,000 to Republicans. We need to pay close attention regarding the extent to which these "contributions" are reported OR IGNORED. Thus far the news reporting has been minimal. Some might suppose this news is being suppressed. However, news has reported that (San Bankman-Fried's crypto company, FTX) received "transfer fees" for those money transfers into and out of Ukraine. Sam ("SBF") has said he gave $ millions more than the $200,000 in "dark money" to Republicans. Many people who were far less threatening to DC politicians than SBF have mysteriously died. Sam had better watch his back as he is a HUGE threat to these campaign fund recipient Dems and Repubs.
3 people like this.

Reply 10 - Posted by: bad-hair 12/9/2022 2:37:09 PM (No. 1353051)
I'm sick and tired of hearing about these financial geniuses who lost millions while they've got millions left.
2 people like this.

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