Kevin O’Leary Suggests Binance Was Involved in FTX’s Collapse

Kevin O’Leary, investor and star of the television show Shark Tank, has said before the Committee on Financial Services of the US House of Representatives that Binance and FTX were in a state of enmity, so one intentionally forced the other out of business.

He has added:

“This is my opinion, I have no evidence. Binance has now become an unregulated global monopoly.”

He could be referring to Binance CEO Changpeng Zhao’s statement about his intention to get rid of FTT.

Zhao’s initiative exacerbated the problems of the Sam Bankman-Fried company, which filed for bankruptcy in November.