SkyBridge Capital Wants to Buy Back Stake at FTX as Exchange Collapses


Anthony Scaramucci’s SkyBridge Capital wants to buy back its stake from collapse cryptocurrency exchange FTX, Reuters reports.

In a commentary to media, Scaramucci said that his legal team and other partners «are working to buy back that stake to take him [FTX Founder Sam Bankman-Fried] off of our cap table.»

Scaramucci reassured his clients that SkyBridge doesn’t have assets under FTX’s custody as this move would have been considered as a «potential conflict of interest.» Scaramucci also said he met Bankman-Fried on Tusday to help rescue the exchange, but soon realized there was not much he could do as there was «more going on than it being a rescue situation.»


Binance’s CZ Teases Big Trouble for Crypto Market as FTX Goes Bankrupt

Earlier this year, FTX’s investment arm, FTX Ventures, announced the purchase of a 30% stake in SkyBridge Capital. Scaramucci said back then that FTX had bought SkyBridge’s capital stock and none of the firm’s partners sold their stocks.


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