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VC Bull Kevin O’Leary Abandoned FTX Rescue Plans After SEC Chief’s Comments

After the widely publicized collapse of FTX, which sent shockwaves across the cryptocurrency sector, including Bitcoin (BTC), and culminated in the trading platform’s bankruptcy, venture capitalist Kevin O’Leary revealed he earlier had plans to save the crypto exchange but gave up at the last moment.

Indeed, Kevin O’Leary explained he was in talks with FTX’s now-former CEO, Sam Bankman-Fried, and considered throwing him a lifeline but retracted the plans after the comments made by the U.S. Securities and Exchange Commission (SEC) boss, the Shark Tank investor said in an interview with CoinDesk published on November 14.

(By Ana Nicenko)

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