Shark Tank investor Kevin O’Leary says several of his investments have taken a hit because of the recent FTX collapse.
In a new interview with Crypto Banter, O’Leary says his FTX account balances had dropped to zero when he checked them on Monday morning.
“We have to mark-to-market in our operating company every 12 hours… So, we marked-to-market on Monday morning at nine o’clock – zero on our investment in FTX international, zero on our investment in FTX USA, and zero on all assets, which had disappeared from our accounts. So, that was a tough day. That’s a hit.
But we have many, many investments. We have compliance that forces the discipline of diversification both on positions and on institutions. We don’t own all our crypto