Mr Kevin O'Leary, who is also an Emirati citizen, is now promoting a new Abu Dhabi-based crypto exchange called M2.

I haven't signed up to M2, and I won't, partly because I'm quite happy with the CEXs I'm currently using, but chiefly because I think if there's one thing the FTX disaster taught us is to NOT trust fin-influencers.

O'Leary has a nine-figure net worth, three passports and an amazing watch collection, so he's probably smarter than I am.

I even like his public persona, in a way. I've watched several of his interviews and I like the way he speaks. Straight to the point and understandable.

However, I can't forget what he's done with FTX. He got paid an enormous amount of cash to shill FTX and his testimony before congress was honestly a bit embarrassing to watch.

For a few reasons.

First, he was trying to make it sound like SBF is a big buddy of his and he'd called him personally to ask him where the money was. Now, that's always cringeworthy. That's a flex. Are we supposed to be impressed that he's got direct access to SBF? Who the hell cares.

Second, he wants to know what happened to money? Right. What happened to the money is your boy SBF stole it. It's not rocket science.

I don't know this CEX M2. Maybe they're great. Maybe they're the best CEX ever.

But, after the FTX chaos, anything Mr O'Leary endorses is potentially toxic. I'd steer clear.