Nov 13, 2024, 10:17 AM
Nov 9, 2024, 12:00 AM

FTX Targets Anthony Scaramucci for $67 Million in Investment Recovery

Highlights
  • FTX has initiated a lawsuit against Anthony Scaramucci as part of its bankruptcy case in Delaware.
  • The lawsuit alleges that Sam Bankman-Fried invested $67 million into SkyBridge to maintain influence in finance and politics.
  • FTX claims these investments yielded little benefit and seeks to recoup the funds.
Story

In a significant legal move, FTX has filed a lawsuit against Anthony Scaramucci, a former White House communications director, as part of its bankruptcy proceedings in Delaware. The lawsuit is one of twenty-three filed on a single day and accuses Scaramucci's SkyBridge Capital of receiving substantial financial support from FTX during a downturn in the cryptocurrency market in 2022. The filings reveal that, in seeking to bolster his own standing in various financial and political spheres, Bankman-Fried made lavish but ultimately fruitless investments, including a reported $67 million into SkyBridge. The funds were intended to help SkyBridge, which had seen its assets shrink dramatically from $9 billion to $2.2 billion. Following the announcement of the stake acquisition in September 2022, FTX went bankrupt, and Bankman-Fried faced criminal charges, casting a shadow over these high-profile financial dealings.

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