Kevin O’Leary Reveals He Bought Paid $15 Million to be FTX Spokesperson By CoinEdition
Kevin O’Leary Reveals He Bought Paid $15 Million to be FTX Spokesperson
- Shark Tank choose and Canadian entrepreneur Kevin O’Leary speaks about FTX’s demise.
- O’Leary was paid $15 million to be the spokesman of the now-defunct change.
- Publish the collapse, he misplaced all the $15 million.
Canadian entrepreneur, Shark Tank choose, and CNBC contributor Kevin O’Leary reveal that he misplaced $15 million that FTX paid him. He revealed on CNBC that the now-defunct cryptocurrency change FTX paid him $15 million to be the change’s spokesperson.
Nonetheless, issues didn’t go as anticipated because the $32 billion empire collapsed, and all of the celebrities that promoted it got here beneath scrutiny. Celebrities together with Tom Brady, Kevin O’Leary, and others had been sued by the buyers who acknowledged that they didn’t conduct due diligence earlier than selling Bankman-Fried’s change.
O’Leary admitted that he fell prey to “groupthink” and that not even considered one of his funding companions misplaced cash. CNBC Squawk Field hosts additionally roasted him on the present for failing to do a correct evaluation of FTX earlier than investing.
Complete deal was just below $15 million, all in. I put about $9.7 million into crypto. I feel that’s what I misplaced. I don’t know. It’s all at …
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