Shark Tank investor Kevin O'Leary says he wants to get the truth out of bankruptcy

O'Shares ETF chairman and renowned Shark Tank investor Kevin O'Leary has recently spoken about doing business with the FTX, and its former CEO Sam Bankman-Fried.

O'Leary said during a recent interview that he was surprised by the collapse of FTX, but he said that the truth about the company will be uncovered during the legal battle. The data will shed light on the cripto exchange as every transaction is recorded, according to O'Leary.

The situation versus other financial collapses and disasters is unique to this situation. Everything that happened here is on the blockchain. Every transaction is recorded. There's no hiding from the fact that every transaction will be found, so there's no way to know who the wallet is, who owns or steals it, or whatever these allegations are. It's going to come clean, O'Leary said.

It's got to be facts at the end of the day. He said that the whole thing has to be driven by the truth, and we don't have it yet, so I'd like to get the truth, that's what I'm after.

When litigation is scraped, we'll get to the truth during that process. O'Leary said that I would have not been involved in this, but it doesn't change anything I do, and it doesn't change my transparency policy.

O'Leary said that he doesn't get it right every time when talking about the FTX bankruptcy. I have made thousands of investments, but they are not all winners. All of us that talked about this, all of us on the cap table, we've talked to each other. We are stunned, but we don't have any answers yet, so I would like to know how this one went down. The FTX collapsed and filed for bankruptcy on November 11, and approximately one million customers and investors are estimated to have lost billions of dollars in the meltdown.