The founder of SkyBridge Capital – Anthony Scaramucci – said that his company could buy back the largest stake it previously sold to the bankrupt cryptocurrency exchange FTX in the coming months.
He also alleged that the platform and its former CEO – Sam Bankman-Fried (SBF) – committed fraud.
FTX case will be settled “favorably”
In a recent interview with CNBC, Scaramucci raised hopes SkyBridge Capital could buy back the 30% it sold to FTX in the coming months. This will happen when the participants involved describe all the details of the trading place’s demise:
“We’re waiting on clearance from bankruptcy, lawyers and investment banks to know exactly what we’re going to buy back and when.”
SkyBridge, which had to deal with some serious problems due to the bear market, promised to use part of the capital ($40 million) generated from the stake sale to FTX to pay longtime investors and boost its balance sheet.
The former White House official also claimed for the first time that the SBF’s actions amounted to blatant fraud.
“I think it’s very clear now that there was fraud. We should of course let the legal system decide all these things,” he said during his final appearance.
First Scaramucci He said He felt “concerned” about the FTX crash but refused to call the incident a “fraud”. He said the nature of the incident was determined by the regulatory authorities while urging the SBF and his family to share the truth with their clients.
FTX recently Located More than $5 billion in cash and liquid assets that could replace some of its many investors. Scaramucci believes the creditors should be pleased with the news, and believes the case will be resolved “favorably”.
It was reported by some reports that SkyBridge Capital bought $10 million worth of FTX tokens as a condition of the stake acquisition deal.
The asset has been on a massive downtrend since Binance I swear to offload their FTT stores. The price was subsequently affected by a liquidity collapse at FTX and the successive investigation against its former CEO Bankman-Fried.
The coin is currently trading at around $1.38, down 94% compared to the figures from early November 2022.
SkyBridge Capital, which bought back the stake it sold to FTX, says Scaramucci debuted on CryptoPotato.