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SkyBridge Capital founder Anthony Scaramucci said his company could buy back the principal interest it had previously sold to the failed FTX in the coming months.
He also alleged that the platform and its former chief executive officer, Sam Bankman-Fried (SBF), had committed fraud.
FTX case to be "positive"
In a recent interview for CNBC, Scaramucci raised hopes that SkyBridge Capital could purchase back the 30% stake it sold to FTX in the following months. This will happen when the parties concerned describe all the details surrounding the disappearance of the trading venue:
"We await the approval of bankrupts, lawyers and business bankers to determine exactly what we will buy back and when."
SkyBridge, which had to cope with some severe issues due to the bear market, pledged to use part of the capital ($40 million) generated from selling the stake to FTX to pay old investors and reinforce its balance sheet.
The former White House official also claimed for the first time that the actions of sbf look like blatant fraud.
'I think it is now very clear that fraud has occurred. We must, of course, let the judicial system determine all these things," he said at his last appearance.
Initially, Scaramucci said he felt “distressed” about FTX’s collapse but refused to describe the event as a “fraud.” According to him, it is up to the regulatory bodies to determine the nature of the accident, while urging SBF and its family to share the truth with their clients.
FTX has recently located over $5 billion worth of cash and liquid assets that could reimburse some of its numerous investors. Scaramucci thinks creditors should be happy about the news, believing the case will resolve itself “favorably.”
Buying FTT?
Some reports informed that SkyBridge Capital purchased $10 million worth of FTX tokens as a condition for the stake-acquiring deal.
The asset has been on a massive downtrend ever since Binance vowed to dump its FTT stash. The price was subsequently affected by the ftx liquidity crash and the subsequent investigation of its former deep-fried banking director.
The chip is currently trading for approximately $1.38, down 94% from early November 2022.
