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Anthony Scaramucci, managing partner at SkyBridge Capital, has opened up about the “betrayal” he felt over the actions of FTX founder Sam Bankman-Fried.
Speaking at Casper Lab’s Blockchain Hub event in Davos, Switzerland on January 16, Scaramucci said he had close friendships with both him and his family in the aftermath of the FTX debacle. When I thought about it, I emphasized that I felt “betrayed” by Mr. Bankman-Fried.
“I have to say that betrayal and deception are bad things on many levels. It’s certainly hurt my reputation, but I’m just talking about a visceral relationship with someone.” he said, adding:
“If anyone here has read Dante Alighieri’s Inferno, they know what the Ninth Circle of Hell is for. […] It is the betrayal of a friend who lives with the devil – the ninth lap of hell on the frozen lake. “
Scaramucci, who further elaborated on his relationship with Bankman-Fried, eventually admitted that he “got it wrong” by betting on someone he trusted.
“Because I’m a high-profile person, my mistakes are very big. [that’s] It’s perfectly fine, but I’m not going to stop taking risks. “
But the SkyBridge founder didn’t let the whole ordeal deter him, emphasizing that having built his career on taking risks, he “will probably make the same mistake again.”
Similarly, Scaramucci’s faith in cryptocurrencies remains unshakable, as he stressed that FTX’s bankruptcy had nothing to do with the technology’s underlying value proposition.
“That’s why we have blockchain and cryptocurrencies because we’re trying to create a decentralized situation where people don’t have to like or trust each other. […] We can interact with each other in such a way that technology is basically divine. ”
Related: Crypto community unimpressed by SBF’s long substack letter
As Scaramucci noted to CNBC on Jan. 13, SkyBridge is currently working to buy back a 30% stake in the company it sold to FTX in September for an undisclosed fee.
It’s worth noting that the deal took place just two months before FTX filed for bankruptcy. Scarmucci said the buyback could be completed by the second half of this year after all legal details are sorted out.
Once that buyback is complete, Scarmucci will maintain a loose relationship with FTX through its investment in the crypto company founded by former FTX US president Brett Harrison. He confirmed his move to Bloomberg in an email this week.
At this latest Blockchain Hub event, Scaramucci outlined the importance of helping and supporting friends like Harrison who are struggling to partner with FTX.
Harrison, of course, distanced himself from the antics of SBF and his entourage, notably resigning from the company in September.
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