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

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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.”

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.

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Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

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Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.


Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness


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Trump eyes Middle East visit as Gaza ceasefire talks advance

Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.

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Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.


President Trump may visit the Middle East this weekend as Jared Kushner and envoy Steve Witkoff push for a Gaza ceasefire.

Recent Egypt talks and cooperation from Israel and Hamas raise hopes for a deal, with Turkey confirming progress.

#GazaCeasefire #TrumpMiddleEast #Kushner #PeaceTalks #IsraelHamas


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US government takes 10% equity in Trilogy Metals

U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.

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U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.


The U.S. government’s 10% stake in Trilogy Metals marks a shift from subsidies to direct ownership in strategic industries.

Experts say this approach aims to secure supply chains for AI, clean energy, and defense, reducing reliance on foreign sources for critical minerals and tech components.

#TrilogyMetals #USIndustry #CriticalMinerals #SupplyChainSecurity #AI #CleanEnergy #DefenseTech #IndustrialPolicy


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