FTX collapse where people lost billions has 'silver lining,' O'Leary says: Industry is 'culling its herd'

Media personality Kevin O'Leary testified Wednesday that the collapse of cryptocurrency firm FTX has a"silver lining," that the industry is"culling its herd.

FTX paid spokesman Kevin O’Leary did not defend the company in the wake of its collapse, but at a Senate Banking Committee hearing on Wednesday, he claimed that the fate of the firm and co-founderO’Leary, who is also a private equity and venture investor, argued that even though he lost millions, the FTX scandal has no bearing on"In fact, the recent collapse of crypto companies has a silver lining," O’Leary claimed. "This nascent industry is culling its herd.

Thank you for making it known he is a paid spokesperson. O'Leary is a joke, just like the crypto industry.

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Can we cull O'Leary?

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SBF denied bail, and U.S. senators take aim at FTX and crypto industry: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Kraken's incoming CEO Dave Ripley reacts to the implosion of FTX and discusses what he believes is in store for the future of the industry. Do people really give their hard earned money to these WS criminals? For what? The markets have basically turned into a computerized organized crime ring, high speed casino, not just crypto
Source: CNBC - 🏆 12. / 72 Read more »