Worst Week In Crypto History: Anthony Scaramucci On FTX Meltdown

Anthony Scaramucci FTX Crypto News Updates: After a week of chaos in crypto market with the FTX meltdown, Anthony Scaramucci said the situation is now worsened. He said his company SkyBridge made a big commitment to crypto as it a better technology for transactions. Earlier, Anthony Scaramucci appreciated Binance and Sam Bankman-Fried’s FTX after the two announced they were exploring acquisition to resolve the latter’s liquidity issues. In a latest, the SkyBridge founder commented on the FTX situation and hesitated to call it a fraud as yet.
Read More: FTX Announces Chapter 11 Bankruptcy, Crypto Market Down
Sam Bankman-Fried Should Speak To Regulators
Scaramucci revealed that in his recent interaction with Sam Bankman-Fried, the two discussed about helping the FTX CEO raise funds. Speaking to CNBC on Friday, he said many of his peers in the industry think this is the worst week in the history of cryptocurrencies. Expressing his distressed feelings about the situation, he added that he doesn’t like it for the industry to be in such a situation. He recommended that the FTX CEO approach regulators and explain what happened exactly.
“I will be working on buying back my equity and restoring that. The good news for SkyBridge investors is that we had no assets in custody on FTX as it raised a potential conflict of interest.”
In September 2022, FTX’s investment arm acquired a stake of 30% in SkyBridge Capital. Interestingly, this deal saved SkyBridge investors for potential exposure to FTX due to the conflict of interest clause. Adding that the FTX meltdown meant violation of trust in Sam Bankman-Fried for all investors, Scaramucci said the FTX CEO should come forward and speak truth before regulators. He said that if Sam Bankman-Fried were a believer in effective altruism, he would not damage the industry and the people involved.
- ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing
- Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?
- Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?
- Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish
- Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?