Senate Banking hearing set to take aim at FTX and cryptocurrency industry: 'The largest Ponzi scheme in history'

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CORRECTION: 'It's just unregulated Wild West,' Kevin O'Leary said Wednesday at the Senate Banking hearing on the collapse of FTX.

FTX "from the start," which allowed him to divert billions of dollars of customer funds into his own hands to grow his sprawling empire.

Though Ray and Bankman-Fried won't be part of the Senate Banking hearing on Wednesday, four cryptocurrency experts will be testifying instead, including Kevin O'Leary, a longtime paidThe pre-released opening remarks by the witnesses suggests that the hearing won't just focus on FTX but how the collapse of the company may impact the industry at large.

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Someone looks angry that he is on the wrong side of a scam for a change.

Same guy actively promoted buying into these coins at every opportunity, just a bunch of hypocrites..

So why he was promoting FTX, even after knowing it?

Too bad he’s lost most of the money he’s invested in Crypto. For years he touted the greatness of Crypto. Don’t know if he could still invest in the startups on Shark Tank.

And he was promoting FTX in exchange for $15 Million. What a crook kevinolearytv

Use your credibility for right reasons Kevin! Regulate what Its a scam on its face value- call it such!!!

Isn't that the point?

Is there a regulated Wild West?

If it was so unregulated and the Wild Wild West why did you agree to be a paid spokesperson and entangle, promote more people to buy in? Maybe it was the 15 million dollars they paid you?

What did he lose $10 million? Now he wants regulation, after his losses. Why not before?

Funny when you consider Kevin got involved BECAUSE it was the 'wild wild west'.

Hard to believe that the Senate chose an unmitigated blow hart only interested in himself and his money. Just a self promoter who is worth squat.

Is anyone really that surprised to see corruption or fraud within the crypto industry? Like really is everyone that surprised? it was going to happen at some point. Millions-billions of dollars in an unregulated exchange 🤷🏽.

Well then.......regulate it, for gosh sakes. Problem solved...................DUH,,, And you're welcome.

This after he defended SBF_FTX

these are not businesses , phony imaginary so called currencies ; just rid it out ; why should regulators waste their time and money on these joints

💩💩💩🖕🖕🖕🖕

Nederland Laatste Nieuws, Nederland Headlines

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Bron: CoinDesk - 🏆 291. / 63 Lees verder »