Scaramucci Details Sam Bankman-Fried’s (SBF) Betrayal
Scaramucci Details Sam Bankman-Fried’s (SBF) Betrayal.
SkyBridge Capital managing partner and hedge fund veteran Anthony Scaramucci recently detailed his formerly close relationship to former FTX CEO Sam Bankman-Fried and feeling ‘betrayed’ by him after FTX’s massive collapse.
Scaramucci & SBF’s Relationship
During a panel discussion at Casper Lab’s Blockchain Hub event in Davos on Jan. 16, Scaramucci describes how he had once considered SBF to be a close friend, and that the revelation of Bankman-Fried’s involvement in the fraud and misuse of customers’ funds have left him feeling betrayed.
“I had a close relationship with [Sam Bankman-Fried], I considered him a friend. So I have to tell you that the betrayal and fraud—it’s bad on a lot of different levels. It certainly hurt me reputationally, but I’m just talking about the visceral relationship with somebody,” Scaramucci said.
Related: Ex-FTX US President Details How SBF Was Manipulative, Spiteful & Gaslighting
Scaramucci also explains that although he has felt betrayed by SBF, he is not deterred from taking risks in betting on people like SBF again in the future.
“I’m a high-profile person so my mistakes get wildly magnified, [that’s] totally fine but I’m not gonna stop the risk-taking,” he continues, “I thought Sam was the Mark Zuckerberg of crypto, I did not think he was the Bernie Madoff of crypto.”
“That’s why we have blockchain and crypto, because we’re trying to create a decentralized situation where we don’t have to like or trust each other. […] We can transact with each other in a way where the technology basically sanctifies.”
Skybridge & FTX
It’s known that in September, two months before FTX’s massive collapse, FTX Ventures had bought a 30% stake in Scaramucci’s SkyBridge Capital.
Around this time, Scaramucci had no hostility or negativity towards SBF, even complimenting the former FTX CEO and calling Sam a “visionary who has built incredible businesses that are synergistic with the future of SkyBridge.”
Since then, Scaramucci has announced that the buyback for the 30% stake will take place sometime in the second half of this year.
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