Ripple CTO Describes Binance Critic Kevin O’Leary as Shameless

• Kevin O’Leary said point-blank that ‘Binance took FTX out of business.’
• The bold claim unsettled the crypto community.
• Notably, the Binance critic took $15 million from FTX to defend the bankrupt business

David Schwartz, the chief technology officer (CTO) of the Ripple blockchain, reacted bitterly to a claim by the popular Canadian businessman Kevin O’Leary, who testified yesterday before the US Senate that ‘Binance took FTX out of business.’

Schwartz described O’Leary as being shameless with lies in the face of counter-evidence. The CTO further argued that if Binance had anything to do with FTX collapsing, it was a public service for exposing the FTX fraud and saving more people from falling victim.

Notably, earlier last week, the Binance critic O’Leary acknowledged on live TV that he received $15 million from FTX to promote the bankrupt business.

In an 11-part thread a few days back, the CEO of Binance, Changpeng Zhao, rebuked the paid FTX spokesperson for ‘aligning with a fraudster.’ Zhao also highlighted multiple ‘reprehensible’ lavish-spending activities FTX carried out that drained customer funds.

The Binance CEO continued:

“FTX spent money on Miami Stadium, multiple Super Bowl ads, baseball referees, F1, not to mention massive political donations, and luxury real estate. Sam ‘invested’ in friends in high places, from media to policymakers to celebrities. And he used that network to manipulate public opinion, including attacking me and others in the industry.”

Interestingly, Zhao believes multiple attacks towards him and Binance are because of his Chinese origin. He, therefore, clarified that he is a Canadian citizen and that Binance is not a Chinese company.

Additionally, Mr. O’Leary is not the only celebrity that thinks Binance has a hand in FTX’s collapse. Crypto influencer KimDotcom repeatedly has tongue-lashed Binance for FTX’s favor.