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Kevin O'leary Defends Support Of FTX And Sam Bankman-fried

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Shark Tank star Kevin O'Leary, aka Mr. Wonderful, has defended his support for the collapsed crypto exchange FTX (and its former CEO Sam BankmanFried) (SBF).

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This is America. The justice system provides the presumption of innocence unless proven otherwise," he stressed. 

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O'Leary also rejected the accusation by Binance CEO Changpeng Zhao (CZ) that he perjured himself in a U.S. Senate hearing over why FTX failed.

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In an interview with CNBC on Friday, Shark Tank star Kevin O'Leary defended himself as a spokesperson for the defunct crypto exchange FTX.

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He also spoke out about Binance CEO Changpeng Zhao's (CZ), calling him a fool.

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O'Leary answered when asked why he didn't condemn Sam Bankman-Fried (SBF), former CEO of FTX. O'Leary replied: 

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"This is America. The justice system provides the presumption of innocence unless proven otherwise."

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Last week, the former FTX executive was arrested in the Bahamas. His crypto exchange and the U.S. government have been charged with fraud.

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O'Leary was FTX's spokesperson and was an investor when the exchange collapsed.

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The company paid him $15 million to be its spokesperson. He claimed that the money was lost when the exchange declared bankruptcy.

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The company paid him $15 million to be its spokesperson. He claimed that the money was lost when the exchange declared bankruptcy.

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When asked, "Are you still conflating money you got paid by FTX that you lost, or did you actually invest some of your own funds?" He replied: "Money is fungible."

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