Did SkyBridge founder Anthony Scaramucci 'betrayal' and 'fraud'?

SkyBridge founder Anthony Scaramucci and FTX founder Bankman-Fried had forged close ties over the past few years, and SkyBridge first bought equity in the exchange in 2021 and as recently as August. But last week, Scaramucci accused Bankman-Fried of "betrayal" and "fraud" during a crypto panel at the World Economic Forum in Davos, Switzerland.

Did skybridge investors withdraw 60% of a top fund's capital?

SkyBridge investors asked to withdraw 60% of a top fund's capital in the September 30 redemption period, but it only returned 10%. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.

What happened to SkyBridge?

In March of last year, SkyBridge was unable to meet all of its clients’ redemption requests, the first time it happened in the company’s history, according to Bloomberg. In 2021, SkyBridge generated $55 million in revenue. Last year, though, its asset management business managed to generate just $24 million.

Is skybridge violating its own internal risk guidelines?

During one meeting, employees vocally complained that SkyBridge was violating its own internal risk guidelines by betting big on crypto, according to Bloomberg News. Scaramucci became known nationwide after his brief stint as White House communications director during the Trump administration.