•SkyBridge Capital CEO Anthony Scaramucci has indicated that the firm is making progress in buying back the stake that it sold to FTX back in September of last year.
•Galaxy Digital CEO Mike Novogratz has suggested that he would be tempted to ‘punch’ SBF right in the jaw.
•Scaramucci has noted that there was “clearly fraud” in the SBF and FTX debacle.
SkyBridge Capital, a leading alternative asset manager, has recently made strides in attempting to buy back the stake of the company it sold to FTX back in September of last year. SkyBridge CEO Anthony Scaramucci has indicated that the move to buy back the stake from FTX won’t be able to get sorted “until probably the end of the first half of this year.”
In addition to Scaramucci’s comments, Galaxy Digital CEO Mike Novogratz has also expressed his thoughts on the SkyBridge and FTX debacle, suggesting that he would be tempted to “punch” SBF right in the jaw. Novogratz has noted that there was “clearly fraud” in the SBF and FTX debacle and that the “three of four of the principles that have worked alongside [former FTX CEO and founder Sam Bankman-Fried] have already pled guilty, and explained to prosecutors what they did.”
Scaramucci has expressed his interest in resolving the situation in a favorable manner, noting that the firm is waiting for “the clearance from the bankruptcy people, the lawyers and the investment bankers to figure out exactly what we’re going to be buying back, and when.”
SkyBridge is confident that the situation will resolve itself positively and that the firm will be able to buy back its stake from FTX in the near future. Novogratz, meanwhile, has made clear his opinion that there was fraud in the SBF and FTX debacle, and that there is a side of him that would like to “punch” SBF in the face.