Scaramucci Backs New Crypto Firm By Former FTX US Chairman

Key Points:

• Anthony Scaramucci said he had invested in a business founded by Brett Harrison.
• Scaramucci will fund the project himself to show his support for Harrison.

According to Anthony Scaramucci, he has invested in a business founded by Brett Harrison, the former CEO of the now-defunct FTX US crypto exchange.

Scaramucci stated in an email released with Bloomberg that he will invest his personal money in the project to show his support for Harrison. The former CEO of FTX US said in reply to questions by Bloomberg:

“Anthony has been a true mentor and friend to me since I joined the crypto industry two years ago. I’m honored to have him as an investment partner, and know his guidance will be invaluable as I begin this new chapter.”

Sam Bankman-Fried’s now-imploded crypto empire’s venture capital arm, FTX Ventures, stated in September that it had acquired a 30% position in Anthony Scaramucci’s Skybridge Capital and that the two companies will continue to work together on venture and digital asset investing.

Scaramucci stated that SkyBridge would attempt to repurchase that interest amid FTX’s spiral into bankruptcy. Later, he claimed that while he had performed some due diligence on Bankman-Fried before to the sale, it was “not enough.”

Harrison spent around 17 months working with FTX US before leaving in September. He had previously worked with Bankman-Fried at Citadel Securities and the quantitative trading business Jane Street.

Recently, Harrison took to Twitter and shared his unforgettable experiences after months of disagreement with FTX US internals. Scaramucci addressed the investment in response to a Harrison tweet:

Harrison’s Twitter thread, according to Bankman-Fried, was discussed in a statement to Bloomberg:

“While I strongly disagree with much of what he said, I have no desire to get into a public argument with him, nor do I feel like it’s my place to litigate his job performance in public, unless he were to authorize me to do so.”

Harrison was looking for capital for a crypto software startup with a $100 million valuation. The suggested plan involved software that cryptocurrency traders could use to create algorithms for their trading strategies and access various crypto marketplaces, both centralized and decentralized.

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Harold

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