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Kevin O’Leary Blames Binance for FTX Crash
Shark Tank investor Kevin O’Leary blamed popular crypto exchange Binance for the FTX crash while speaking at the Senate Committee hearing on the 14th of December. According to the Canadian entrepreneur. Binance caused FTX to collapse on purpose. In October, FTX was one of the reigning crypto exchanges, with millions of users globally. From being one of the biggest exchanges on earth, the crypto company collapsed in the twinkle of an eye. The sudden misfortune of the company sparked fears among investors and triggered lawmakers to consider stricter regulations on digital assets.
O’Leary Points Finger at Binance for FTX Misfortune
During the hearing titled: “Crypto Crash: “Why the FTX Bubble Burst and the Harm to Consumers,” the investor said Binance is a “massive unregulated global monopoly.” He mentioned that FTX and Binance were at war, and the latter put the former out of business intentionally. Notably, Binance a
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