Anthony Scaramucci, founder of SkyBridge Capital, is reportedly funding a crypto company created by the former chairman of FTX US, as reported by Cointelegraph.
According to Cointelegraph, the no-name crypto software company aims to help crypto traders develop algorithm-driven strategies. The initiative is believed to aim to create linkages with centralized and decentralized markets. Apparently Brett Harrison, former president of FTX US, maintained a fundraising goal worth $10 million at a valuation of $100 million. Through a tweet on Jan. 14, 2023, Scaramucci expressed his desire and “pride” to invest in Harrison’s new company.
Based on information from Cointelegraph, the total equity value and stake received by Scaramucci has not been disclosed. On September 27, 2022, Harrison’s new crypto venture was hinted at during his announcement to step down as chairman of FTX US. At that time, Harrison expressed his desire to continue the exchange’s advisory role for the next two months. As noted in a Twitter thread, Harrison cited the sudden deterioration of her relationship with Sam Bankman-Fried as the reason for leaving.
Additionally, Cointelegraph noted that Scaramucci expressed hopes for the recovery of the crypto market, elaborating on the market’s outlook for 2023 as a “year of recovery.” “You take risks but you also believe in [Bitcoin] adoption. So if we get the right adoption, and I think we will, it could easily be an asset of fifty to a hundred thousand dollars over the next two to three years,” Scaramucci said.
(With information from Cointelegraph)