FTX Files $100 Million Lawsuit Against Anthony Scaramucci and SkyBridge Capital

FTX

The collapsed cryptocurrency exchange FTX has filed a lawsuit against billionaire Anthony Scaramucci and his company SkyBridge Capital, demanding $100 million in damages. FTX claims that former CEO Sam Bankman-Fried spent this amount on dealings with the defendants.

According to information provided by Bloomberg, the agreements between the parties include sponsorship of the SALT conference and investments in the SkyBridge Coin Fund.

The lawsuit alleges that Bankman-Fried invested $10 million into one of SkyBridge Capital’s funds and provided $12 million to Scaramucci for hosting the SALT conference. Additionally, in September 2022, FTX acquired a 30% stake in the operational companies managing SkyBridge Capital’s investment funds, totaling $45 million.

“FTX Group employees at the time noted that it made no economic sense for Alameda Research Ventures, which was engaged in cryptocurrency asset trading, to place such a large sum with an external manager who was less experienced in this business sector,” the court documents state.

Furthermore, FTX representatives accuse SkyBridge Capital of breaching the terms of the agreement by selling some of the digital assets without approval from the exchange. FTX’s lawyers argue that this was one of the key conditions of the deal.

It’s worth noting that earlier it was reported that FTX settled a $228 million lawsuit against the Bybit exchange.