‘I’m Embarrassed and We Look Foolish,’ Kevin O’Leary Gets Candid on SBF, FTX Crisis

"To be expected, the FTX collapse is going to have some peripheral damage and I think there's more to come," says Kevin O'Leary, business mogul and star of ABC's hit TV series Shark Tank. He clarifies his statement on if he would still support former CEO of FTX Sam Bankman-Fried, detailing that he, "wouldn't because I wouldn't be allowed to," with impending investigations underway. "All of us at the cap table have spoken and we're stunned, and we don't have any answers yet," O'Leary continues. "It's clear to many people throughout the last few trading sessions that the various digital tokens are so correlated," he says, "and most of the tokens that exist will go away." The China wild card has been persistent every 90 days, "and the Chinese need to step up and buy a working vaccine to have the same herd immunity benefits seen in North America," O'Leary concludes.

#FTX #SBF #blockfi

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