SkyBridge founder plans to buy back 30% stake FTX, appeals to SBF to come clean

Anthony Scaramucci, Founder of SkyBridge Capital said: CNBC On Friday, the company is looking to buy back shares that FTX acquired in the alternative investment firm.

“The fact that we made the decision to have Sam join the SkyBridge cap table puts us in a worse position,” said Scaramucci. “There’s no question we’re in a worse position. He’s hurt the industry.”

FTX Ventures, the investment arm of FTX, Agree to purchase 30% Skybridge in September. FTX Ventures provided funding to his Scaramucci fund to expand, build new products and introduce cryptocurrencies.

The company had planned to invest $40 million in cryptocurrencies in the long term to maintain its balance sheet. However, as the price of the cryptocurrency plummeted, the company had to mark down some of its assets.

In addition, Scaramucci confirmed that SkyBridge does not have any assets stored in FTX, citing potential conflicts of interest.

“Stop tweeting 22 times… explain exactly what happened”

In an interview with CNBC, Scaramucci suggested Bankman-Fried and his family make the FTX event public to clarify the issue.

“Please stop tweeting 22 times, go before regulators and explain exactly what happened.” Scaramucci told CNBC. “If there is fraud, clean up as much as possible and repair your FTX account.”

SkyBridge’s CEO is an outspoken cryptocurrency advocate and has led the company to several new cryptocurrency offerings since late 2020.The company also previously attempted to list a spot Bitcoin ETF, but the SEC was denied This is because the regulations are vague.

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