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SkyBridge Capital Can Buy Back FTX Stake This Year, Alleges SBF ‘Committed Fraud’

SkyBridge Capital can buy back the stake it sold to collapsed cryptocurrency exchange FTX but the issue will likely take months to resolve, the investment firm’s founder Anthony Scaramucci told CNBC Friday,

FTX bought a 30% stake in SkyBridge in September, before the crypto company filed for bankruptcy on Nov. 11.

He also said in November he was unaware of the extent of user fund leverage happening within the crypto exchange, and did not want to put FTX’s failures down to malice.

FTX has now recovered more than $5 billion worth of liquid assets, including cash and digital assets, according to attorneys in Delaware during one of the company’s bankruptcy hearings on Wednesday.

Speaking Friday, Scaramucci also said he thought more money would be recovered from the bankrupt crypto exchange.

FTX Token FTX Token $2.89
+7.58%
FTX SBF
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