Kevin O'Leary Says This Is the 'Safest Place on Earth' to Keep Your Money After FTX Crypto CrashThe 'Shark Tank' star was a spokesperson and investor in the now-bankrupt FTX crypto exchange.
Shark Tankstar and entrepreneurKevin O'Learyisn't giving up oncrypto.
Although the businessman was one of the many people who invested in the now-bankruptFTX crypto exchange,他仍然认为数字咕咕叫ency is the best way to protect your cash. FTX filed for bankruptcy last week after millions of funds "vanished" from the firm shortly after founder and CEOSam Bankman-Friedresigned, perAP News.
O'Leary revealed on TikTok that despite having multiple citizenships, which allows him to disperse his earnings at his discretion, he's choosing to keep his assets in Canada with Bit Buy, which is a broker-dealer attached to theWonderFicrypto exchange.
@kevinolearytvSafest place on earth to put assets in my opinion.#crypto#kevinoleary#bitcoin#ftx#investing#uae♬ original sound - Mr. Wonderful
WonderFi is regulated by the Ontario Securities Exchange, and O'Leary is a shareholder in itsFirst Ledger Corp母公司。
Calling Bit Buy "the most advanced regulatory environment right now that I can find," he added, "in my opinion, that is the safest place on Earth to put assets."
The former FTX spokesperson, a Canada native, toldMarkets Insiderhis homeland is the only country offering fully-regulated broker-dealer exchange accounts, adding that he no longer trusts unregulated exchanges.
"We have confidence that the regulatory environment in Canada scrutinizes accounts that can't be commingled," O'Leary told Insider. "I can't find another place on Earth right now safer than Canada."
