Binance CEO Cz recently shared a flood and targeted famous businessman Kevin O’Leary, nicknamed “Mr.
Stating that it is unacceptable for Kevin O’Leary to still defend FTX and accuse Binance, Cz said:
“Apparently, $15 million not only changed Kevin O’Leary’s mind about crypto, it also sided with him as a scammer.
We exited FTX 1.5 years ago in July 2021.
Since then, he has invested more than $5.5 billion in numerous companies.
On top of that, FTX has spent money on Miami Stadium, numerous Super Bowl commercials, baseball referees, and F1. Not to mention massive political donations and luxury real estate.
Seriously misused client funds.
Unlike Kevin O’Leary, we continue to do due diligence after investing. As one of FTX’s early investors, we became increasingly uncomfortable with Alameda/SBF and started the exit process over 1.5 years ago.
When we decided to withdraw as an investor, Sam was so distraught that he took a series of offensive actions against multiple Binance team members, including threatening to “take extraordinary measures to get us paid” – these text messages are still in our hands.
Shortly after that, Sam began “investing” in the media, policy makers, and celebrities (like Kevin). He used this network to attack me and others in the industry and manipulate public opinion.
The focus of these attacks was on my ethnic identity, and Kevin O’Leary signaled that they would continue.
He will likely repeat them at the Senate hearing next week. I am Canadian and Binance is not a Chinese company.
You don’t need to be a genius to know that something isn’t right with FTX. They were 1/10th our size, yet they spent more than we did on marketing and “partnerships”, fancy parties in the Bahamas, trips around the world, and mansions for all their senior staff (and parents).
If Kevin O’Leary is looking for someone to blame for FTX’s collapse, he should start by nodding his finger at investment partner Sam and perhaps the man in the mirror.”