Kevin O'Leary, an investor who served as a paid spokesman for FTX, says that the company's collapse has a 'silver lining' for the cryptocurrency industry as a whole.
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.
FTX paid spokesman Kevin O’Leary did not defend the company in the wake of its collapse, but at a Senate Banking Committee hearing on Wednesday, he claimed that the fate of the firm and co-founderO’Leary, who is also a private equity and venture investor, argued that even though he lost millions, the FTX scandal has no bearing on"In fact, the recent collapse of crypto companies has a silver lining," O’Leary claimed. "This nascent industry is culling its herd.
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