Mr. Wonderful thinks Binance put FTX_Official out of business. On Dec. 14 speaking at the US Senate committee hearing, Kevin O'Leary said that he believes the heads of the exchanges were at war.
The collapse of FTX was triggered by Binance, investor Kevin O'Leary claimed at a Dec. 14 United States Senate committee hearing about the crypto exchange's meltdown. O'Leary, who was a paid spokesperson for FTX, provided details about conversations with Sam Bankman-Fried in the days before FTX filed for bankruptcy.
When asked by Senator Patrick Toomey why FTX failed, O'Leary replied,"I have an opinion. I don't have the records," before revealing his view that the heads of Binance and FTX were at war. O'Leary said that regulation was at the core of the silent war between the heads of the two crypto exchanges. As owners of a nearly 20% stake in FTX, Binance and Changpeng"CZ" Zhao had to comply with regulators' requests and compliance standards in different jurisdictions.
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