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Kevin O’Leary Loses $15 Million As Paid Spokesman for Collapsed Crypto Exchange FTX, Expresses Sympathy for Binance CEO Facing Allegations

Kevin O'Leary, also known as "Mr. Wonderful," suffered a $15 million loss as a paid spokesperson for FTX, a crypto exchange that collapsed. Some attribute FTX's downfall to an exchange on Twitter between its founder and Binance CEO Changpeng Zhao.

O'Leary sympathizes with Zhao, who is facing allegations from the SEC for mishandling customer funds, and believes that the constant flood of litigation and charges by regulators is scaring away institutional money from the crypto market.

Despite the charges against Binance and Coinbase, some investors remain optimistic about the future of cryptocurrency and its potential to modify financial services. O'Leary sees the future of regulated exchanges as promising and plans to invest in them globally.

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