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Popular host of the show Shark Tank andthe famous investor said that despite what is happening with the FTX exchange and its subsidiary Alameda, he would finance the next project of their founder.
According to Kevin O'Leary,Sam Bankman-Fried will have to endure a lot of rocks and arrows. However, the investor still likes the FTX founder and O'Leary feels sorry for Benkman-Fried.
"You can love him or hate him becauseIt happened. But, of course, he was one of the most brilliant traders in the cryptocurrency space. I would provide funds to the new Bankman-Fried company,” Kevin O’Leary said during a conversation with Onchain Capital CEO Ran Neuner during the Crypto Banter program.
FTX Cryptocurrency Exchange is in Progressbankruptcy. Perhaps the problems of this trading platform can be solved - it was previously reported that the amount of debts and various encumbrances of FTX is $9 billion. At the same time, the total volume of assets in the company’s wallets is quite sufficient, the problem is that these are either low-liquid or completely illiquid assets. In addition, the prices of these assets have decreased significantly since the bankruptcy process began.
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