famed "shark tank" star and investor kevin o'leary was immediately intrigued. >> i had lunch with samoing to be a half hour lunch. ended up being three hours. one of the most fascinating individuals i've ever met. >> and after that meeting, what did you do? >> they were looking for paid spokespersons to represent the brand. sam was impressive, but i met other people there. when i get involved in a brand, i mean, i want to understand the depth of it and obviously who else is involved. and i saw the cap table. i was proud to invest beside some of those investors. >> reporter: but last week, it all came crashing down after a report of financial instability sent ftx customers attempting to withdraw billions, money ftx didn't have available, leading the platform to temporarily halt withdrawals. and now ftx's collapse under investigation bit department of justice and the s.e.c. lawyers for a class action lawsuit now alleging bankman freed used customer money from ftx to fund risky bets at his other company, the alameda hedge fund. can you ball pork for us how much you invested, how much you

. >>> the exchange had several notable partners from tom brady to kevin o'leary he said that it met hisrigorous standards and joining us this morning is kevin o'leary as part of his ambassador partnership and you too being this investment in international and u.s., i got to ask for your reaction today >> um, obviously one of frustration. no question about it i'm still a huge advocate of the potential of block chain and cryptocurrencies i'm disappointed like many other shareholders in a way, though, i always try to find what is the outcome of something like this. i mean, yes, i'm a shareholder international. that is a zero it is not the first time i've made a bad investment, probably not the last time. but luckily i make more good ones than bad ones but i learn from my mistakes what is going to happen now is that there won't be another situation like this for institutional investors ever again. we're simply not going to put capital to work until this stuff getting regulated. and what is occurring, and i'm just one voice in it, what i'm going to be doing is i'm going to fly to washington

. >> >> brian: kevin o'leary prosecute wonderful from the shark tank how could he get caught up in this: and kevin, how much to the republicans? >> that's great question. because i noticed that maxine waters said hey he gave to both parties. the truth is, anybody who is honest about this understands where the lion share of the money with a was going. obviously to democrat causes. now, that said, understand there is one thing about washington no matter what people del you, there is almost never a circumstance where only one party is involved probably learn more about where the dollars went in the days ahead. >> steve: indeed. kevin, thank you very much. >> brian: zuckerberg -- thanks, kevin. he could say i gave to both parties a fraction of what he gave republicans he gave democrats. and let's see how this all breaks down. >> steve: i think it was the daily beast or the "new york post" asked some of the people who had gotten money on both sides, one republican, a fellow by the name of kevin hearn from oklahoma, is he in congress. is he going to donate the money he got to a charity. some

kevin o'leary and cramer those two are my primary objective of being ahead of them at the end of the not over yet. but i'm really hoping i can keep ahead of those two. >> you picked macy's which i think -- i mean, i don't know, i question your bias in choosing macy's as a former macy's chairman and ceo. >> you should. >> okay. now that that's all out and people can judge for themselves where your loyalty lies, what about chewy? would you go back and pick chewy in it's done really well up 28% since the stock draft. >> definitely i would and i did and i actually invested in chewy at that time as well so i -- i feel like that -- you know, first of all, when things get difficult, people take care of their pets first. their children are right behind them but they take care of their pets first -- >> sometimes the pets are ahead of the children. and they're clearly ahead of -- so -- and i think i think this was a good bet and i think that will continue to perform in top line sales. >> congratulations, terry, for now, a long way to go. we wrap it up, i think it's the friday before the super

crypto investors like kevin o'leary who also backed ftx, by the way, was on the show friday calling out regulators and saying they didn't do enough very broadly, how much responsibility do you think lies with regulators and how much with investors or customers not doing their due diligence? >> well, everyone -- everyone has a role to play in this, of course regulators, we have our laws that we seek to use. and law enforcement is a key tool to crack down on crime. but of course, it can't be fixed overnight. and obviously, if there are new tools to crack down on fraud and abuse, we have got to use them so there's ongoing work to work with congress and others, especially as it relates to stable coins which do pose some risk to the financial system if they scale and i think that is a key area of focus right now >> so what needs to be done right now on stable coins? they have these attestations that show their reserves but it doesn't really tell us if those reserves are being used as collateral, if they're leveraged. so as we see and await the fallout from ftx, stable coin is certainly -- st

. >> reporter: tom brady, steph curry and kevin o'leary some of the well-known figures named in the suity discussing the decision on cnbc. >> it's not the first time i've made a bad investment. probably not the last time. >> reporter: nbc news has reached out to their legal teams and has not heard back. how much did the defendants know about the products they endorsed? >> it's a question whether they can claim they were duped as well. you have to look at each individual endorsement, how they endorsed. >> reporter: ftx poured millions into ads from social media -- >> but you're an expert, right? >> i'm not an expert and i don't need to be. >> reporter: to must-see television events like the super bowl. >> it's ftx, it's a safe and easy way to get into crypto. >> i don't think so. >> reporter: the platform's once massive $32 billion valuation seemingly vanishing overnight. >> now you're seeing in some cases some of these are crashes as there's more and more market instability that leads to more challenges and the questions of who is to blame. >> ftx, that's the crypto app, right? >> it's f

tom breedy, giselle, steph curry, larry david, naomi osaka and kevin o'leary who discussed his endorsementeached out to parties in the lawsuit and ftx and bankman-fried did not immediately respond for comment. brian cheung has more. what is this lawsuit alleging? >> the lawsuit is alleging that the people who put money into ftx were misled by the celebrities and by the company itself, in terms of what they were putting the money into. so there are these interest-bearing accounts that ftx was offering, where you could get way better rates than you would by parking your money at let's say for example a traditional bank with a cd account, for example. you could get 8%, for example. putting your money into an ftx account. but none of those users were aware of what was happening behind the scenes at ftx, that ultimately unraveled over the last week, which was essentially money moving around from one company inside of this organization to another company essentially inside the same universe, just moving back and forth, which as we found out ultimately ended up not being a very viable business mo

. >> thank you >>> still to come, kevin o'leary, john hope bryant joining us to talk about small businessesterm elections. >>> later we're going to hear aom iac chairman barry diller inn exclusive interview. >>> stay tuned how will your business adapt to change? you're watching "squawk box" an. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! this is cnbc omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >>> coming up, what business leaders and investors want to see from tomorrow's midterm elections. we'll talk about it. take a look at futures right now. in the green this morning. dow up 173 points. dow up 173 points. stay tuned, you're and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. watchinefunds.com has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to getrefund

kevin is $150,000 for 20%. o'leary: i may modify my offer.l pay you $150,000 for 17.5%, which i think matches robert's valuation. yep. but i still want my cupcakes on your site. of both business combined? yes, yes, yes. he's offering the same value i am, just less cash. but he doesn't have to give up as much of his family business. how do you allocate your time between the two different companies? you prioritize it, is what you have to do. you surround yourself with great employees, which is what i've done, and you start to delegate. mark, are you interested in making an offer? so, i'll give you $150,000 for 25% of your mail-order business, and i want an option to buy 25% of the other business for the same $150,000. if everything you say is right and the retail busines is not really an impact, great. if it turns out you're splitting your time or something takes your time, than i have that option. so, that's my offer. but i want to know now. what are you gonna do? mark, you have a deal. done. wow. [ chuckles ] 'cause you know i'll just eat my

kevin's is $200,000 for a royalty of 4% that expires once he receives a return of $800,000. john: my deal -- they don't need more capital. they can be designers, and they can be creators. o'learyey do. with your deal, they have to start shipping. they have to handle to handle being a salesperson... do you want to do daymond's deal or not? yes or no? cuban: wait. hold -- hold on. hold on. how big can you make the inflatables? because if you can make them big, that creates a whole new category that changes the game. shreshta: yeah, i mean, that's the idea behind our -- you know, the combination of the solar l.e.d. and the inflatable, so you have to open yourself up to even, like, new shapes, applications, and integrations, like life vests or raft-type integration. i mean, i like it. obviously, it's a great product. i'm more interested in where you're going to go. yeah. and i'm sure you're not doing this just to build this, right? no, we're not. so i'm gonna make you an offer, and i'm gonna show kevin what creativity's all about. he tries. so, i'm gonna offer you 200k for 15%, and i want the option to lead through your next round of financing in the amount of $300,000. i want you