FTX Files Lawsuit to Recover $100M from SkyBridge and Anthony Scaramucci

The FTX bankruptcy team is pursuing more than $100 million from SkyBridge Capital and its founder Anthony Scaramucci, aiming to reclaim funds linked to deals struck between Scaramucci’s firm and former FTX CEO Sam Bankman-Fried before FTX’s collapse.

In a court filing on November 8, FTX lawyers detailed several high-value transactions between Bankman-Fried and SkyBridge, as reported by Bloomberg. The spending spree began in early 2022 with a $12 million sponsorship of Scaramucci’s SALT conference, followed by a $10 million investment by Alameda Research into SkyBridge’s Coin Fund in March.

By September 2022, FTX had purchased a 30% stake in SkyBridge’s management firms for $45 million. FTX attorneys argued this deal made little financial sense, suggesting that FTX could have bought the same cryptocurrencies directly at a lower cost.

According to FTX’s legal team, FTX employees at the time questioned the rationale of entrusting substantial capital to SkyBridge, which they believed had less experience in crypto than Alameda itself.

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Further complicating matters, FTX’s filing claims that SkyBridge breached the agreement by selling some of the assets in 2023 without FTX’s consent—a violation, according to FTX, of a key contractual clause. The assets involved, including holdings in Bitcoin and Solana, would now be valued at approximately $120 million, double their worth at the time of the alleged unauthorized sale.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.