April 19, 2024
Latest Cryptocurrency News

Anthony Scaramucci Recalls His Meeting with SBF amidst Harrowing Times for FTX

The founder of SkyBridge Capital, Anthony Scaramucci, recalled his experience of meeting FTX CEO Sam Bankman-Fried at the Bahamas during Consensus 2023 on Thursday, April 27. Scaramucci headed out for the trip just before the shocking collapse of FTX.

Earlier, Scaramucci used to mentor his business partner Bankman-Fried and collaborated with him for trips to the Middle East and North America for Wunderkind’s fundraising before FTX imploded. However, his relationship with Bankman-Fried hit a stumbling block in November 2022 when an investigation by CoinDesk disclosed that now-bankrupt FTX was probably on shaky ground.

Right after this revelation, Scaramucci flew to the Bahamas to meet Bankman-Fried face-to-face. Scaramucci said when he reached the island, he encountered a different reality than he had anticipated, and it felt like he walked into a “war room” with FTX executives.

Scaramucci further stated there were rumours about FTX committing some financial crime, and Bankman-Fried was under a lot of stress. He claimed that Bankman-Fried apologized to him regarding the events and claimed that FTX’s collapse was due to mislabeling. Scaramucci also compared FTX’s alleged fraud to Bernie Madoff, the infamous Ponzi schemer.

Eventually, Scaramucci and his team left the Bahamas and returned home, but not before they had a run-in with local law enforcement. The officers who came to the office compound demanded to see their passports. Scaramucci said the officers were “intimidating,” and he was concerned for his and the team’s safety.

FTX was once dubbed as an emerging star in the crypto industry, but its shocking collapse has left many investors pondering their next move. Despite all the drama during the final days, FTX’s downfall did not affect SkyBridge as significantly as some media reports suggested, Scaramucci claimed.

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