Anthony Scaramucci – the founder of Sky Bridge Capital and the former communications director for President Donald Trump – has given his thoughts on the FTX debacle and the fall of what was labeled one of the biggest and most prominent crypto exchanges in the space. Anthony Scaramucci Gives His Thoughts on FTX FTX took a 30 percent stake in Sky Bridge last September. At the time of writing, the company has filed bankruptcy and the executive behind it all, Sam Bankman-Fried, has resigned from his post. The company began experiencing trouble in mid-November after it attempted to be bought
FTX settlements with K5 Global, securing $700M in assets to help creditors repay. The exchange’s legal fights continue, including attempts to collect assets from former associates. FTX settled a lawsuit that sought to recover $700 million in disputed investments from K5 Global. In June 2023, FTX filed a case against…
Bitcoin has been doing quite well over the past few weeks. The currency has already jumped up by about $5,000 since the end of 2022, which will likely go down as one of the most disastrous periods for the world’s number one digital currency by market cap. The asset is…