TechFlow news, according to Cointelegraph, the FTX bankruptcy estate is seeking to recover over $100 million from SkyBridge Capital and its founder Anthony Scaramucci, aiming to reclaim funds spent by former FTX CEO Sam Bankman-Fried (SBF) under sponsorship and investment agreements with Scaramucci and SkyBridge since 2022.
As detailed in legal filings on November 8, prior to FTX's collapse, Bankman-Fried engaged in a series of investments and partnerships with SkyBridge Capital and Scaramucci—starting with a $12 million sponsorship in January 2022 for Scaramucci's SALT conference.
Shortly thereafter, in March 2022, SBF directed Alameda Research to invest $10 million into the SkyBridge Coin Fund. Later, in September 2022, FTX acquired a 30% stake in the operating company managing SkyBridge’s investment vehicles for $45 million. FTX's legal team argues the investment lacked financial prudence, stating that the "FTX Group could have easily purchased" the majority of the basket of cryptocurrencies targeted by the $45 million investment at a significantly lower cost.
