Breaking: Binance CEO “CZ” Blasts Kevin O’Leary For Defending SBF

Binance CEO Changpeng “CZ” Zhao on Friday strongly criticized Shark Tank fame Kevin O’Leary for defending former FTX CEO Sam Bankman-Fried. He says Kevin O’Leary losing $15 million that FTX paid to him for being a spokesperson have changed his thinking about crypto. It also made him defend and support a fraudster that misappropriate customer funds.

Binance CEO highlighted that Binance exited crypto exchange FTX 1.5 years ago in July 2021. Since then, FTX has invested over $5.5 million in several companies. Moreover, FTX spend money on sports deals including Miami Stadium, multiple Super Bowl advertising, baseball referees, and Formula 1 racing.

Sam Bankman-Fried also made massive political donations and purchased luxury real-estate. He has misused customers funds with his hedge fund Alameda Research.

However, Kevin O’Leary continues to defend SBF. O’Leary has again defended SBF during CNBC’s Squawk Box interview, saying he is “innocent until proven guilty.” To this, Binance CEO said:

“Worse than losing $15M, you’d think that being used as the poster child for one of the greatest financial crimes in history would make Kevin O’Leary think twice before taking Sam at his word AGAIN.”

Binance CEO pointed out that Binance continues to do due diligence even after making an investment. Binance became an early investor in FTX, but Alameda and SBF relation made them uncomfortable and decided to exit from it.

He claims Sam-Bankman-Fried threatened Binance team members when Binance pulled out as an investor. He said “we still have those text messages.”

The post Breaking: Binance CEO “CZ” Blasts Kevin O’Leary For Defending SBF appeared first on CoinGape.