Binance intentionally put rival crypto exchange FTX out of business, Kevin O'Leary has testified

From markets.businessinsider.com

"Shark Tank" investor Kevin O'Leary has blamed Binance for FTX's collapse, telling lawmakers it drove the rival crypto exchange out of business. The billionaire investor, who was paid $15 million to be an FTX spokesman, was speaking at a US Senate hearing Wednesday into the downfall of FTX, which has shaken faith in the stability of companies dealing in crypto assets. O'Leary said FTX had been forced to spend as much as $3 billion on repurchasing a chunk of its shares from Binance, according to what the exchange's founder and former CEO Sam Bankman-Fried told him. That stripped FTX's balance sheet of assets, he ... (full story)