PANews reported on November 10 that according to Cointelegraph, the FTX bankruptcy group seeks to recover more than 100 million US dollars from SkyBridge Capital and founder Anthony Scaramucci to recover the funds spent by former FTX CEO Sam Bankman-Fried (SBF) in the sponsorship and investment agreement reached with Scaramucci and SkyBridge since 2022.
According to legal documents from Nov. 8, prior to FTX’s collapse, Bankman-Fried made a series of investments and partnerships with SkyBridge Capital and Scaramucci — starting with a $12 million sponsorship of Scaramucci’s SALT conference in January 2022. Shortly thereafter, in March 2022, SBF directed Alameda Research to invest $10 million in the SkyBridge Coin Fund. Later, in September 2022, FTX acquired a 30% stake in the operating company that manages SkyBridge’s investment vehicle for $45 million. FTX’s lawyers argued that the investment lacked financial sense — arguing that “FTX Group could have easily purchased at a lower cost” the basket of cryptocurrencies into which the vast majority of the $45 million investment was invested.
