Kevin O'Leary made millions as an FTX spokesman, but he says he's lost it all after the bankruptcy of the crypto exchange.
O'Leary and other celebrities, such as Tom Brady and Larry David, were sued by FTX investors who say the exchange's ambassadors should have done more due diligence and exercised a greater level of care before promoting the crypto empire.hosts over his failure to properly assess the risks associated with investing and promoting FTX. O'Leary said he fell prey to "groupthink," and that none of his investment partners had lost money.
." "I put about $9.7 million into crypto. I think that's what I lost. I don't know. It's all at zero." O'Leary also said he had over $1 million of FTX equity, now rendered worthless by the bankruptcy protection process. The balance of a little over $4 million was purportedly eaten up by taxation and agent fees, according to O'Leary.
O'Leary promoted FTX aggressively on Twitter and online, touting his close connection with disgraced founder Sam Bankman-Fried, who is facing multiple investigations. When O'Leary first began to promote FTX, he said it was FTX's compliance systems that drew him to invest in the crypto exchange.
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