In September of 2022, Sam Bankman-Fried's FTX Ventures took a 30% stake in Anthony Scaramucci’s SkyBridge Capital, most of which was invested in cryptocurrencies. Later that year, when FTX collapsed, Scaramucci attempted to buy back the stake, acknowledging that the crypto firm’s demise had a significant impact on his business.
TheStreet's J.D. Durkin sat down with Anthony Scaramucci, Former White House communications director at Collision in Toronto to discuss his relationship with FTX and Sam Bankman-Fried.
Full Video Transcript Below:
J.D. DURKIN: You brought up Sam Bankman-Fried. Do you regret any of your work with FTX and what have you learned since?
ANTHONY SCARAMUCCI: Well, listen, if you're, if you're in hindsight, I mean, I don't think hindsight is 2020, J.D, it's 2010. You have way better clarity in hindsight. And so of course, if I knew everything I knew now, I wouldn't have entered into that relationship with Sam. I didn't I didn't realize that he was nefarious. So that's a blind spot on my part. But there's also other people that were blinded by him.
Look, it hurt our business, we're through that. I'd like to buy back that piece of the business. At some point. I think we'll get the opportunity to do that. I wish these guys would stop racking up fees and start focusing on transactions, you know? But they're going to make probably $1,000,000,000 off of this bankruptcy, you know.
J.D. DURKIN: Have you spoken with Sam?
ANTHONY SCARAMUCCI: I haven't, no. The last time I spoke to Sam was Tuesday, November the eighth - yeah, I know the date. Yeah, I flew down to the Bahamas to see him because I couldn't believe what I was reading and learning about, and I wanted to see firsthand.
