Shark Tank star Kevin O’Leary declared the “promise of crypto” remains on Thursday just ahead of FTX founder Sam Bankman-Fried, who was found guilty last year of stealing billions from customers.
Fox News anchor Bill Hemmer brought on one of Bankman-Fried’s victims in O’Leary who previously had an account with FTX. The entrepreneur said he actually expects his loss to be made whole. Bankman-Fried is facing potentially decades behind bars for his fraud.
O’Leary said:
Yes, it is a remarkable situation. The way you can see the value of these claims, and anybody that had an account probably filed a claim, basically all the accounts were swept clean and there was nothing in it, but we had records of what was held there prior to the collapse of FTX. So Each month over the last year the hedge fund markets that fund these claims, in other words I could sell my claim for …