Crypto

Scaramucci invests in a crypto company created by the former American director of FTX

(Bloomberg) – Anthony Scaramucci has said he is investing in a company created by Brett Harrison, the former chairman of defunct cryptocurrency exchange FTX US.

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Scaramucci will use his own corporate money to show his support for Harrison, he said in an email.

Harrison was seeking funding for a crypto software company worth up to $100 million, Bloomberg News reported last month. The proposed idea was software that crypto traders could use to write algorithms for their strategies and to access different types of crypto markets, both centralized and decentralized, two people familiar with the matter said at the time. .

“Anthony has been a true mentor and friend to me since I joined the crypto industry two years ago,” Harrison said in response to questions from Bloomberg News. “I am honored to have him as an investment partner, and I know his guidance will be invaluable as I embark on this new chapter.”

FTX Ventures, the venture capital unit of Sam Bankman-Fried’s now-imploded crypto empire, announced in September that it had taken a 30% stake in Scaramucci’s Skybridge Capital and that the companies would expand their collaboration by when it comes to investing in venture capital and digital assets. Amid FTX’s slide into bankruptcy, Scaramucci said SkyBridge would work to buy out that stake – and he later said he had done some checking on Bankman-Fried before the deal, but it wasn’t. “not enough”.

Harrison worked at FTX US for about 17 months, resigning in September. Previously, he worked at Citadel Securities and quantitative trading firm Jane Street, where he worked with Bankman-Fried.

Scaramucci commented on the investment in a response to a Twitter thread from Harrison about his experiences at FTX US.

“Brett was a great developer and understood FTX’s product deeply,” Bankman-Fried said in a comment to Bloomberg News about Harrison’s Twitter feed. “While I strongly disagree with much of what he said, I have no desire to enter into a public argument with him, nor do I feel that is mine to plead his professional performance in public, unless he allows me to do so.”

Bankman-Fried added, “I feel bad about what happened to everyone at FTX and I wish them the best.”

–With the help of Annie Massa and Hannah Miller.

(Adds a comment by Sam Bankman-Fried in the last two paragraphs)

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