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‘Shark Tank’ host Kevin O’Leary lost $15 million in FTX collapse

Published

3 years ago

December 15, 2022

Veronica Dudo

U.S. Senate Banking Committee is examining the collapse of cryptocurrency company FTX.

On Wednesday, Shark Tank host Kevin O’Leary testified before the Senate Banking Committee in Washington D.C.

The entrepreneur told lawmakers on Capitol Hill that he lost an estimated $15 million.

He’s not alone as investors, celebrities and customers have seen hundreds of millions of dollars disappear.

He also admitted he did not do his due diligence on the investment.

O’Leary insists that none of his partners lost money on the deal and has sought to uncover where his investment money went. Bankman-Fried, also known as SBF, has been at the center of a growing crypto scandal amid allegations that FTX used customer money in its cryptocurrency to fund risky investments made by his trading firm, Alameda Research.

An FTX paid spokesman and multimillionaire investor, O’Leary said in his testimony that he fell victim to “groupthink.” However, he insisted that none of his partners lost money in the deal.

O’Leary is now trying to uncover where his investment money went.

The Senate Banking Committee is examining the collapse of cryptocurrency company FTX founded by Sam Bankman-Fried and the resulting impact on consumers.

The 30-year-old disgraced crypto-king is embroiled in an ever-expanding scandal with federal authorities alleging that FTX used customer money in its cryptocurrency to then fund investments made by his trading firm, Alameda Research.

During the hearing, O’Leary said he believed cryptocurrency should be regulated.

“The number one prize is to be regulated in the U.S. market—the number one financial market on earth. Now when you talk about other money center banks or other financial services industry that want to do business in the U.S.—they must disclose their worldwide operations,” O’Leary said.

“They are scrutinized by the rules we already have in place. A coordinated effort between the Canadian regulator, the U.S. regulator, the ADGM in Abu Dhabi, the regulators and Singapore— basically laying out the ground rules for any entity that wishes to do business in the U.S. or any of those jurisdictions solves this problem.”

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Veronica Dudo

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

News

Iran buries nuclear site entrances amid rising tensions with the U.S.

Published

6 hours ago

February 11, 2026

Harvey Vargas

Satellite images reveal that Iran has buried all three tunnel entrances at its Isfahan nuclear complex. Analysts say the move mirrors defensive preparations taken before U.S. airstrikes devastated the facility last year, with no vehicle or personnel activity visible around the entrances.

The burial appears aimed at limiting damage from potential airstrikes and complicating any ground raid targeting enriched uranium stored in the underground facility. Experts suggest equipment or materials may have been moved into the tunnels for protection, though this remains unconfirmed.

The fortification comes amid ongoing U.S.-Iran tensions. President Trump has demanded Iran curb its nuclear program, warning of military action, while Tehran insists halting uranium enrichment is unacceptable. Recent indirect talks in Oman showed little progress toward a new deal.

News

Armed figure seen on CCTV as search intensifies for Savannah Guthries mother

CCTV shows armed figure near Nancy Guthrie’s home as search for the missing 84-year-old mother continues into week two.

Published

13 hours ago

February 11, 2026

Harvey Vargas

CCTV shows an armed figure near Nancy Guthrie’s home as the search for the missing 84-year-old mother continues into week two.

New CCTV footage has been released as police intensify the search for Nancy Guthrie, the mother of US Today show presenter Savannah Guthrie, who vanished in Tucson, Arizona.

The 84-year-old disappeared after returning home on January 31, with authorities now believing she may have been kidnapped during the early hours of February 1.

Investigators say the case has entered a critical phase as public attention grows around the alarming circumstances of her disappearance.

#BreakingNews #USNews #MissingPerson #TrueCrime #SavannahGuthrie #CCTVFootage #CrimeWatch #TickerNews

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Trump hints at military pressure as U.S. and Iran resume nuclear talks

US-Iran restart nuclear talks in Oman amid cautious optimism, while Trump considers military escalation and Israel demands stricter missile terms.

Published

13 hours ago

February 11, 2026

Harvey Vargas

US-Iran restart nuclear talks in Oman amid cautious optimism, while Trump considers military escalation and Israel demands stricter missile terms.

The United States and Iran have returned to the negotiating table in Oman, marking a fresh attempt to ease escalating nuclear tensions between the two long-time rivals. President Donald Trump described the talks as promising, suggesting momentum toward further discussions.

Iran’s Foreign Minister echoed cautious optimism, calling the meetings a positive first step while acknowledging deep-seated trust issues remain unresolved. At the heart of the talks is a major sticking point — the White House’s insistence that Iran dismantle its nuclear capability entirely.

Iran, however, maintains it has a sovereign right to enrich uranium, setting the stage for difficult negotiations ahead as both sides test whether diplomacy can hold.

#USIran #NuclearTalks #MiddleEastPolitics #Trump #IranNuclear #GlobalDiplomacy #WorldNews #TickerNews