Kevin O’Leary: It Looks Like War and CZ Won; SBF ‘Innocent’ Until Proven Guilty

“Two unregulated platforms went to war with each other and one won,” proclaims Kevin O’Leary, business mogul and star of ABC’s hit TV series Shark Tank. Kevin reiterates his stance that he took on Capitol Hill yesterday, saying, “CZ [CEO of Binance] was trying to push the last edge to put [FTX] into bankruptcy, what really killed the company was the $500 million cash call.” He tells Daniela Cambone, “we will find out what happened, I want to find out where the money went then we’ll get it back.” Kevin says, “until SBF is proven guilty, there is a due process, and you are innocent until proven guilty.” He denounces the event as a, “catastrophic failure, where the big shareholders have all been sued and this is a tragedy.” O’Leary concludes, “this will change the regulatory environment immensely, in any jurisdiction. You can expect some hard hammer regulation coming down the pipeline soon, senators are tired of these hearings.”