I think Calvin's a liar let me address something
before we go any further yesterday on the air Cezy called me a liar I think Calvin's a liar
that suggests that I perjured myself in front Of the U.S Senate for two hours this week
I think he's lying about about a bunch of Stuff I can assure you that it's not the case
son never call it an Irishman a liar unless You know with certainty that's true because
the Irish are crazy welcome back everybody To altacoin daily my name is Aaron yesterday
during day two of the FTX hearings celebrity Investor Kevin O'Leary attempted to destroy
CZ and binance blaming ftx's whole implosion Entirely on CZ and binance finance is a
massive unregulated Global Monopoly now They put FTX out of business this argument
seemed misplaced at the time and still today Because surely the cause of the FTX collapse was
SPF stealing and co-mingling of customer funds was The wire fraud was the overall fraudulent business
practices practiced by FTX I'm gonna give you the Full context so you can understand how we get to
Mr Wonderful saying this I bet CeCe bought himself An invitation to Washington yesterday can't
wait to meet him there we can go sightseeing but Let's back it up a little bit first these are the
allegations Mr Wonderful made against CZ in front Of Congress at the FTX day two hearings Kevin
blames the entire FTX collapse not on SPF and Caroline and the fraud but entirely on CZ why do
you believe FDX failed I have an opinion I don't Have the records here it is these two behemoths
that own the unregulated market together and grow These incredible businesses in terms of growth
we're at war with each other and one puts the Other out of business intentionally now maybe
there's nothing wrong with that maybe there's Nothing wrong with Love and War but Finance
is a massive unregulated Global Monopoly now They put FTX out of business this is a simple
case in my mind of where did the money go and I said Sam walk me back 24 months tell me the
use of proceeds of the assets of your company Where did you spend it and then he told me
about a transaction that occurred over the Last 24 months the repurchase of his shares from
binance his competitor I didn't know this at the Time but at some point CZ or binance who runs
binance purchased 20 ownership in sandbank and Freed's firm for seed stock and then over
time and I asked him what would compel you To spend 2 billion was the number he was
giving me at that time later in a subtle Conversation about 24 hours later he told me
he could have as much as three billion dollars To buy back the shares from CZ I asked him what
would compel you to do that why wouldn't you Keep your assets on your balance sheet and why
would you offer this to just one shareholder He said because every time we went to get licensed
in different jurisdictions because you must Understand the prize of crypto is to get regulated
apparently according to Sam bankman freed CZ would not comply with the regularized
requests in these different geographies different Jurisdictions to provide the data that would clear
them for a license he withheld it according to Sam
Back and freed the only option the management
and sandbank and freed had was to buy him out At an extraordinary valuation of close to
32 billion unless apparently a 15 discount That stripped the balance sheet of assets you
asked me why it went bankrupt go to the last week All of a sudden in social media CZ
is asking for another 500 million Dollars but Finance is a massive
unregulated Global Monopoly now They put FTX out of business CZ binance was quick
to respond to this taking to CNBC shortly after CZ had this to say in full about Kevin O'Leary he
says he didn't know that Finance was a shareholder Of FTX so he invested in FTX without looking
at cap table but he was very specific in the Way he counts for a transaction two years ago so
that's kind of contradictory so I think Calvin's A liar so um I think he's lying about a bunch of
stuff so that's his problem to us we want to be Transparent we want to set the golden standard for
reliability solidness in the space so CZ binance Goes straight to calling Kevin O'Leary a liar
and Mr Wonderful not to have a poor narrative Painted against him then goes on CNBC today
and shoe horns in his retort to CZ so Kevin First just straight up gets asked if he thinks
Sam bankman freed and FTX committed fraud or no Because it seems like you're a fan of SPF and
FTX Kevin do you think FTX committed fraud you Are a principal in this in this drama you are an
actor in this drama and and you had a front row Seat to Sam bankman freed literally up until the
very end given what you know about him personally And given what you now know about the numbers and
what has happened there as you said you're trying To get money back uh for creditors what do you
think happened do you believe this was a fraud I don't have the facts John Ray doesn't have
them yet he's going to get them I'm looking For my records I'm willing to find a forensic
audit of our accounts I'd like to know what Happened obviously real quick it's interesting
Kevin says that the current FTX CEO in charge Of the bankruptcy and the cleanup John Jay
Ray it's interesting that Kevin says that John Jay Ray doesn't have the facts when all
John did on day one of the hearings was come With information and facts they use QuickBooks
multi-billion dollar company using QuickBooks QuickBooks QuickBooks Mr Ray you have compared
FTX as worse than Enron can you please elaborate On some of the specific ways FTX is worse than
one of the largest corporate frauds in history The the FDX group is unusual in the sense that
you know I've done probably a dozen large you Know scale bankruptcies over my career including
Enron of course uh every one of those entities had Some financial problem or another they have some
characteristics that are in common uh this one Is unusual and it's unusual in the sense that
literally you know there's no record-keeping Whatsoever it's in the absence of record keeping
employees would communicate you know invoicing and Expenses on on slack which is you know essentially
a uh you know a way of communicating for chat Rooms uh they use QuickBooks multi-billion dollar
company using QuickBooks QuickBooks QuickBooks
Uh nothing against QuickBooks very nice tool
just not for a multi-billion dollar company the Operation of uh valimeda really depended uh based
on the way it was operated for the use of customer Funds that that's the major breakdown here funds
from ftx.com which was the exchange for uh non-us Citizens those funds were used at Alameda to make
investments and other disbursements there were Virtually no internal controls and no separateness
whatsoever anyways so now we're back on CNBC with Kevin O'Leary who's just about to shoehorn in his
response to CZ binance make sure you subscribe to Our Channel this is a developing story we'll alert
you as soon as CZ binance responds again to Kevin So subscribe make sure you have notifications
turned on turning on notifications will alert You immediately when we post our videos and you
can comment immediately and then your comment Will have a greater chance of floating to the Top
If it's a good comment so turn on notifications Anyways here is Kevin O'Leary today telling CZ
never call an Irishman a liar I'll see you in Washington so we can go sightseeing I did speak
with him prior to him going to jail because I'm Just after the facts of where the cash was now
let me address something before uh go any further Yesterday on the air cezy called me a liar that
suggested I perjured myself in front of the U.S Senate for two hours this week I can assure you
that it's not the case another little Parable here You should understand when I was young my birth
father was Irish put me on his knee and every Irishman will know this and he said Son never
call it an Irishman a liar unless you know with Certainty that's true and I said why is that that
he said because the Irish are crazy now I don't Know what it meant back then but I got to tell you
I'm not happy about that so at the end of the day I have no ill will to this guy but he's part of
the story too and you found out yesterday you did A little work with squawkbox we talked about
it either being 2 billion or 3 billion that's Transactions and that's the largest transaction
I think of anything in there regarding the Balance sheet in in recent 24 month period and he
confirmed it was 2.1 billion and then he confirmed That he still had 550 million half a billion
dollars of ftt tokens now at some point we're Going to look at that week of November 6th and you
ask anybody why did they why was sandbagon afraid Or the whole company fgx forced into bankruptcy
it was jamming down that last half a billion that Gave them no option now is that the Fatal stroke
or blow to get rid of your Global competitor I say Yes I'll tell you something else right after that
interview I got a phone call or actually was a Text from a lobbyist in Washington saying don't go
anywhere you're coming back so I bet CeCe bought Himself an invitation to Washington yesterday
can't wait to meet him there we can go sightseeing
Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.