The collapse of the FTX was a regulatory setback, says the former investor

“I think Sam has been working against us regulatoryly,” says FTX investor Anthony Scaramucci

It’s been nearly six months since FTX collapsed, and a lot has happened since then, including executives being sued for industrial companies dealing with ripple effects of the downfall.

At Consensus 2023, Anthony Scaramucci, former White House communications director and founder and managing partner of SkyBridge Capital, which invested in the exchange, and Brett Harrison, founder and CEO of Architect and former FTX.US president, shared their experiences during the downfall. of FTX and what life has been since then.

“It’s important to talk about it because if I can prevent one person from having the same thing that happened to us, then it’s worth talking about,” Scaramucci said.

Harrison resigned of FTX in late September, weeks before it collapsed. In January, he launched his own company that creates trading infrastructure for major crypto investors. His startup raised $5 million and is backed by Coinbase Ventures, Circle Ventures, and Scaramucci, among others.

SkyBridge Capital sold a 30% stake to FTX weeks before the crypto exchange exploded. “We went from hero to zero in that transaction in about eight weeks,” Scaramucci said.

Neither Scaramucci nor Harrison have spoken to former FTX CEO Sam Bankman-Fried in months. Harrison said the last time they spoke was when he resigned from FTX.US: He said he texted Bankman-Fried saying he was leaving, to which Bankman-Fried replied with a red heart emoji .

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