Ex-FTX spokesman Kevin O'Leary told a Senate committee Wednesday he believes FTX rival Binance put the fallen crypto exchange 'out of business intentionally.'
Media personality Kevin O'Leary testified Wednesday that the collapse of cryptocurrency firm FTX has a"silver lining," that the industry is"culling its herd."
Investor and TV personality Kevin O’Leary testifies during a hearing before the Senate Banking Committee, Dec. 14, 2022, on Capitol Hill. KEVIN O'LEARY EXPLAINS HOW HE WENT FROM CALLING CRYPTO ‘GARBAGE’ TO THE ‘MURDER’ OF HIS MONEY IN FTX COLLAPSE FTX COLLAPSE WHERE PEOPLE LOST BILLIONS HAS ‘SILVER LINING,’ O'LEARY SAYS: INDUSTRY IS ‘CULLING ITS HERD’
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Binance temporarily halts withdrawals of stablecoin USDC as investor concerns mount after FTX collapseChangpeng Zhao, CEO of Binance, tweeted on Tuesday that the exchange is seeing an increase in withdrawals of USDC.
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Senators voice broader concerns around crypto, including BinanceSenate lawmakers are also eyeing Binance after fellow off-shore crypto exchange FTX imploded.
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FTX paid spox Kevin O'Leary received $18M, previously called Bitcoin 'garbage'FTX spokesperson Kevin O'Leary is a staunch denfender of the cryptocurrency industry, but in 2019 he trashed it, calling Bitcoin 'worthless' and 'garbage.'
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