Shark Tank Star Kevin O’Leary Slams Binance, Says the Exchange Caused FTX to Collapse on Purpose
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Well-known Shark Tank investor Kevin O’Leary slammed Binance in comments given during a Senate hearing on Wednesday, saying a “war” between FTX and Binance ultimately caused FTX’s collapse.
During the hearing, Kevin O’Leary said Binance and FTX were “at war with each other, and one put the other out of business intentionally,” while adding that Binance – as the winner of that war – now is a “massive unregulated global monopoly.” He added,
“They put FTX out of business,”
The strong allegation refers to a public Twitter feud between the two crypto exchange executives Sam Bankman-Fried and Changpeng Zhao, better known as CZ. On November 6, CZ announced that Binance would sell all remaining FTT tokens it had received from FTX when it exited as a shareholder from the company last year: