.JoelKatz also says that he is mystified by kevinolearytv's recent statements about the exchange
First of all, he says that Alameda Research, a trading firm affiliated with FTX, used FTX customers' funds.Second, FTX's customer deposits, which were supposed to be used by Alameda, became commingled with those assets that were used for making risky bets. FTX ex-CEO Sam Bankman-Fried now claims that the assets were mixed up"unknowingly," denying committing fraud.
Finally, he adds that Alameda did not manage risks at all even though the firm was supposed to implement risk-managed, nearly delta-neutral strategies.Schwartz is"mystified" by O'Leary's stance on FTXby Kevin O'Leary's position on the FTX exchange. He claims that his recent statements could be explained by"willful blindness."
During a recent interview with CNBC, O'Leary revealed that he had lost the $15 million FTX that he was paid for being the company's spokesperson.
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