TechFlow news, according to The Block, Anthony Scaramucci, founder of SkyBridge Capital, said in an interview: "I don't think there's much chance for the crypto exchange FTX to restart. These exchanges aren't making much money right now, so many are operating at a loss, burning through capital raised in private rounds while waiting for the next bull market and higher trading volumes." SkyBridge Capital has close ties with FTX—FTX purchased a significant stake in SkyBridge, and SkyBridge also invested in FTX. Although Scaramucci wants to buy back his stake in FTX, he remains skeptical about whether the exchange can be revived.
Scaramucci added: "I don't understand how they could restart, nor do I see the benefit. But I've been wrong about many things before. Restarting would require support from creditors and the bankruptcy judge. If FTX does restart, that would be positive news for SkyBridge... it would mean they're profitable, and we'd want to negotiate with them. A more plausible scenario is that FTX sells its software and licenses and relaunches under a new brand."
Additionally, commenting on U.S. SEC Chair Gary Gensler's recent testimony before Congress, Scaramucci warned: "Gensler's stance on the crypto industry may push more business overseas. Gensler is a hostile regulator, and I believe he's only delaying America's adoption of crypto. Driving cryptocurrency out of the U.S. because FTX embarrassed Gensler is absolutely absurd."
