Scaramucci Has Changed His Tune on FTX and Now Says There Was Obviously Fraud Involved

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Last Updated on January 14, 2023 by Bitfinsider

Previously supportive of FTX, Anthony Scaramucci has recently reversed his stance. “It’s very clear now that there was fraud,” the founder of SkyBridge Capital said. He added: “Of course, we’ll have to let the legal system determine all of those things.”

At the time of the crypto exchange’s demise last year, Scaramucci told CNBC TV that he was hesitant to call it fraud “because that’s actually a legal term.” After hearing about the guilty pleas of FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison, Scaramucci stated that he had a change of heart.

It was announced in September that Bankman-Fried’s FTX Ventures had acquired a 30% stake in SkyBridge Capital as a result of a partnership with Scaramucci that began at the SALT conference. The founder of SkyBridge has stated once again that the fund plans to repurchase the FTX share it issued earlier this year.

He said: “We’re waiting for the clearance from the bankruptcy people, the lawyers, and the investment bankers to figure out exactly what we’re going to be buying back and when.”

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