CZ just went scorched earth on Kevin O'Leary, says Kevin will repeat lies as a witness in next week's Senate hearing and try to push SBF as innocent

CZ just posted a series of tweets after Kevin O Leary tried blaming CZ and Binance for FTX's blowup in yesterday's interview.

If Kevin starts defending SBF in the Senate hearing, its gonna be a n even bigger shitshow.

It seems $15m not only changed kevinolearytv’s mind about crypto, it also made him align with a fraudster. Is he seriously defending SBF?

https://youtu.be/pIXq1pfvG0g (baseless attacks start around 4:20).

At exactly 4:57 in this video, Kevin starts blaming Binance and says Sam spent $2bn to buy back shares from Binance.

Later in the video, Kevin OLeary confirms he is going to testify in the Senate committee the coming week. Bloody hell, he is going to Congress and gonna try to bail SBF out and gaslight the whole fraud as some kind of innocent mistake

We exited FTX 1.5 years ago in July 2021. Since then, FTX invested in a myriad of companies, totaling to $5.5+ billion

On top of that, FTX spent money on Miami Stadium, multiple Super Bowl ads, baseball referees, F1, not to mention massive political donations and luxury real-estate. Oh, and reprehensible misuse of customer funds.

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 kevinolearytv think twice before taking Sam at his word AGAIN. But clearly not, based on his appearance on

Unlike kevinolearytv we continue to do due diligence even after we make an investment. As an early investor in FTX, we became increasingly uncomfortable with Alameda/SBF and initiated the exit process more than 1.5 years ago.

IDK why Kevin is blaming Binance, even SBF admitted that he bought out Binance's stake in FTX over 18 months ago: https://decrypt.co/76584/ftx-ceo-sam-bankman-fried-why-bought-out-binance-investment-shares-exit

Sam was so unhinged when we decided to pull out as an investor that he launched a series of offensive tirades at multiple Binance team members, including threatening to go to “extraordinary lengths to make us pay” – we still have those text messages.

Shortly after that Sam began “investing” in friends in high places – from media, to policymakers, to celebrities (like Kevin). And he used that network to manipulate public opinion, including attacking me and others in the industry.

My ethnicity was a focus of those attacks and kevinolearytv signaled his intention to continue those attacks in the media and will likely repeat them at next week’s Senate hearing. I’m Canadian and Binance is not a Chinese company.

You don't have to be a genius to know something don't smell right at FTX. They were 1/10th our size, yet outspent us 100/1 on marketing & "partnerships", fancy parties in the Bahamas, trips across the globe, and mansions for all of their senior staff (and his parents).

Oh, and by the way, we have secured multiple registrations/licenses globally, including in France, Dubai, Bahrain, Spain, Italy, Lithuania, Abu Dhabi, New Zealand, Cyprus, Poland, Kazakhstan, Australia, Canada, South Africa - more than any other exchange *(including FTX).

If kevinolearytv is looking for someone to blame for the implosion of FTX, he should start by wagging his finger at his investment partner, Sam, and then perhaps at the man in the mirror.

Edit Updates:

Sam just started replying to this.

You won, cz_binance

There's no need to lie, now, about the buyout.

We initiated conversations around buying you out, and we decided to do it because it was important for our business.

And while I was frustrated with your 'negotiation' tactics, I chose to still do it.

You threatened to walk at the last minute if we didn't kick in an extra ~$75m.

We did it anyway because this just made us feel more confident we didn't want Binance on our cap table.

But again, none of this is necessary. You won. Why are you lying about this now?

Among other things, as you know, you didn't even have the rights to pull out as an investor unless we chose to buy you out--much of the tokens/equity were still locked.

CZ's reply to this:

Sam, not that it matters now. You also can’t force us to sell if we don’t want to. Also, we have the veto right to block any further fundraising you were doing. Never used or mentioned it. It was never a competition or fight. No one won.

Don’t try to tell your friends to focus on us. Focus on yourself. You should have learned that by now.

Amidst all this, SBF has slipped in his view on how he thinks FTX can make users whole:

Fire up the FTX exchange. Issue a new FTT token. Distribute the token to creditors/depositors. Accrue 100% of profits to token holders. It will be the biggest exchange in the world and users will be made more than whole.

I continue to think that this would be a productive path for parties to explore! I hope that the teams in place will do so.

Wow.. SBF thinks he can make users whole by reopening the exchange, and issuing new FTT token. This guy is off the rocker.