Canadian reality TV titan Kevin O\u0027Leary has admitted he was burned for $15 million in the crypto kids\u0027 FTX market meltdown.
O’Leary — AKA Mr. Wonderful — joins a long list of celebs, jocks and tech tycoons left holding the bagAs the Canadian national soccer teams head to their respective FIFA World Cups, Derek Van Diest is on the scene to cover all the action. Expect expert insights and analysis in your inbox daily throughout the tournaments, and weekly on Thursdays for the rest of the season.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“ total deal was just under $15 million all in, including a bunch of agents that I had to pay,” he told CNBC on Thursday.Article content He added: “Then I lost the money that I invested in the equity as well. Those are zeros too. It was not a good investment.”Photo by FTXIndeed. Now O’Leary finds himself named with other celebrity backers — including Tom Brady, Gisele Bundchen, Shaquille O’Neal, Steph Curry and Larry David — in a lawsuit. They are accused of being responsible for “billions of dollars in damages.”“I obviously know all of the institutional investors in this deal.
Meanwhile, industry news site CoinGeek reports that Bankman-Fried’s Harry Potter-loving romantic partner and business associate, Caroline Ellison, may be ready to flip on her former paramour.TWITTER
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'LOOK LIKE IDIOTS': Kevin O'Leary burned for $15M in FTX meltdownCanadian reality TV titan Kevin O\u0027Leary has admitted he was burned for $15 million in the crypto kids\u0027 FTX market meltdown.
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'We kind of lost track': How Sam Bankman-Fried blurred lines between FTX and AlamedaSam Bankman\u002DFried admitted closer involvement in financial decisions at Alameda than previously disclosed. Find out more in this interview.
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'We kind of lost track': How Sam Bankman-Fried blurred lines between FTX and AlamedaSam Bankman\u002DFried admitted closer involvement in financial decisions at Alameda than previously disclosed. Find out more in this interview.
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FTX held talks with Taylor Swift over $100-million sponsorship dealSam Bankman\u002DFried initially favoured the deal between FTX and Taylor Swift, in part because he\u0027s \u0022a fan of Tay Tay,\u0022 a source says. Read on.
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FTX held talks with Taylor Swift over $100-million sponsorship dealSam Bankman\u002DFried initially favoured the deal between FTX and Taylor Swift, in part because he\u0027s \u0022a fan of Tay Tay,\u0022 a source says. Read on.
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FTX held talks with Taylor Swift over $100-million sponsorship dealSam Bankman\u002DFried initially favoured the deal between FTX and Taylor Swift, in part because he\u0027s \u0022a fan of Tay Tay,\u0022 a source says. Read on.
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