News

A Betrayal Of Trust: Scaramucci Reflects On The FTX Disaster & Its Aftermath

Author: Sohrab Khawas

Sohrab Khawas right arrow

Author

    news-image
    Story Highlights
    • SkyBridge’s managing partner had considered SBF as his close friend

    • Anthony Scaramucci curses SBF, wishes him “hell”

    It has been more than two months since the collapse of FTX, and creditors and investors are still waiting to receive their funds. In early November 2022, a $32 billion crypto exchange was brought to its knees, causing investors to lose trust in cryptocurrencies. 

    During a panel discussion at the World Economic Forum in Davos, Anthony Scaramucci, managing partner at SkyBridge Capital, came forward to discuss his friend and FTX founder, Sam Bankman-Fried. 

    Scaramucci, who considered Bankman-Fried a close friend, expressed his disappointment and betrayal by the fraud committed by Bankman-Fried, stating that it had a negative impact on his reputation. Additionally, Scaramucci revealed that he also knew Bankman-Fried’s father, a professor at Stanford Law School.

    Scaramucci Lashes Out At SBF

    According to Scaramucci, Sam Bankman-Fried turned out to be the “Bernie Madoff of Crypto” rather than the “Mark Zuckerberg of Crypto”. Scaramucci also expressed his outrage, stating that Bankman-Fried belonged in the ninth circle of hell, reserved for those who betray a friend.

    Wrapping up his discussion, titled “Not For The Faint of Heart,” Scaramucci emphasized that he is not one to shy away from speaking out for what is right and he will not stop taking risks. However, he believes that the collapse of FTX is not the end of the blockchain or crypto world, as the goal of these technologies is to create a decentralized world free from dependency on any one individual or entity.

    Currently, Bankman-Fried is under house arrest at his parent’s place, awaiting his next trial scheduled for October 2023.

    Show More

    Was this writing helpful?

    No Yes

    Related Articles

    Back to top button