Kevin O’Leary Accused Of Bill Ackman Defending Sam Bankman-Fried — ‘I Think SBF Is Telling The Truth’ – Exchanges Bitcoin News

Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman believe Sam Bankman-Fried (SBF) told the truth that it “did not mix funds on purpose” was accused of stating that The former CEO of collapsed crypto exchange FTX also said he “didn’t know exactly what was going on” because he “didn’t run Alameda.”

Kevin O’Leary, Bill Ackman Defend Sam Bankman-Fried

Shark Tank star Kevin O’Leary aka Mr. Wonderful and billionaire hedge fund manager Bill Ackman say former FTX CEO Sam Bankman-Fried (SBF) is telling the truth in an interview with The New York Times. He was slammed Thursday after stating he believed. Dealbook His Summit, which aired Wednesday night. Cryptocurrency exchange FTX filed for bankruptcy on November 11th. An estimated 1 million customers and investors lost billions in the exchange meltdown.

Bankman-Fried said in an interview, “We didn’t mix the funds on purpose.” He also shifts his responsibility to Alameda for his research, stating:

While most in the crypto community don’t believe Bankman-Fried’s story, at least two celebrities have spoken out in support of the former FTX CEO. Ackman, his CEO and portfolio manager at Pershing Square Capital Management, tweeted after the interview.

O’Leary quickly agreed, tweeting that he lost millions as an FTX investor and was sandblasted as a paid spokesperson for the cryptocurrency exchange. However, after listening to the interview, he made a point of agreeing with Ackman “about the child.”

Many disagreed with O’Leary and Ackman. Some called them ‘idiots’, ‘idiots’ and ‘cheaters’. One person wrote: He’s almost 31, which means he’s an adult. This isn’t a 23-year-old fresh graduate making trading errors at his desk. The story around this story really shouldn’t be. ”

“If I was the public spokesperson for what turned out to be Ponzi, I would probably want the leader to walk away without being charged (which is unlikely). please,” commented another.

A third opinion is: All of these statements are a form of legal protection, and the interview was very carefully crafted. The latter is blatantly obvious. A fourth said, “You know nothing about how an exchange or hedge fund operates or how to protect investor assets, and what to the scammers who likely missed your money due to utter incompetence. I gave him a million dollars, but I’m pretty sure he’s innocent.”

After the demise of FTX, O’Leary noted that SBF is one of the best traders in the crypto space, and said he would back Bankman-Fried again if he had another venture. Wonderful recently revealed that he and his Bankman-Fried had raised nearly $8 billion of his before FTX collapsed.

What are your thoughts on Kevin O’Leary and Bill Ackman believing SBF didn’t know what they were doing when they mixed the funds? Let us know in the comments section below.

image credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. NEITHER THE COMPANY NOR THE AUTHOR WILL BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS ARISING OR ALLEGED TO OCCUR ARISING OUT OF OR RELATING TO YOUR USE OF OR RELIANCE ON ANY CONTENT, PRODUCTS, OR SERVICES DESCRIBED IN THIS ARTICLE. We are not responsible.