Anthony Scaramucci Invests In Former FTX US CEO's New Company: 'Go Forward. Don't Look Back'

Zinger Key Points
  • Scaramucci said he would invest his money in the project to show his support for Harrison. 
  • Harrison has been looking for an investment for his crypto software company with a $100 million valuation. 

Skybridge Capital founder Anthony Scaramucci, who was among the featured speakers at Benzinga's Future Of Crypto event,  said he would invest in a company founded by Brett Harrison, the former CEO of the defunct crypto exchange FTX US FTT/USD.

In an email shared with Bloomberg, Scaramucci said he would invest his money in the project to show his support for Harrison. 

"Anthony has been a true mentor and friend to me since I joined the crypto industry two years ago," Bloomberg quoted Harrison saying in the email. "I'm honored to have him as an investment partner and know his guidance will be invaluable as I begin this new chapter."

On Saturday, Harrison went on Twitter to talk about his experience at FTX and the disagreements with FTX officials. 

In a series of tweets, Harrison raised concerns about FTX founder Sam Bankman-Fried's mental health and addiction. 

In one of his tweets, Harrison said he is looking forward to working with the new partners. 

In response to his tweet, Scaramucci wished him success and said he is proud to be an investor in his company. 

According to a Bloomberg report, Harrison has been looking for investors for his crypto software company, with a raising target that may reach $10 million for a $100 million valuation. 

Harrison wanted to work on software that crypto traders could use to create algorithms for their trading strategies and access various crypto marketplaces.

Also Read: FTX Scandal: Media Companies Push For Public Disclosure Of Former CEO Sam Bankman-Fried's $250M Bond Co-Signers

FTX bought a 30% stake in SkyBridge Capital in September before the crypto company filed for bankruptcy in November.

However, Scaramucci said that the investment firm could buy back its stake, but that may take months to finalize.

"We're 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," Scaramucci told CNBC.

Bankman-Fried responded to Bloomberg about Harrison's recent tweets and said, "While I strongly disagree with much of what he said, I have no desire to get into a public argument with him, nor do I feel like it's my place to litigate his job performance in public unless he were to authorize me to do so." 

Bankman-Fried added, "I feel bad about what happened to all of FTX's employees and wish him the best."

Harrison had spent around 17 months working with FTX US before leaving in September. 

Previously he had worked with Bankman-Fried at Citadel Securities and the quantitative trading business Jane Street.

Photo: by World Economic Forum on Flickr

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