A mere three weeks ago, Sam Bankman-Fried and Anthony Scaramucci were on top of the world—the crypto world at least, traipsing through the Middle East on a grand fundraising tour. “We embarked upon a Middle East trip to Riyadh, Dubai, and Abu Dhabi,” Scaramucci recently said during the 2022 Bloomberg New Economy Forum in Singapore on Nov. 15. Scaramucci explained he was there for the Future Investment Initiative Conference in Saudi Arabia that took place on October 25, but he then hosted SBF on a fundraising tour to help him raise money for FTX.
Friendly alliances can fall apart for many reasons: time, distance, petty arguments. In the case of SBF and fund manager Anthony Scaramucci, their troubles came down to the oldest reason in the book: money. In early September, FTX agreed to buy 30% of SkyBridge Capital for $45 million as SkyBridge’s fund struggled during crypto winter. But Scaramucci's white knight turned out to be a dark force: that 30% stake has now been seized in a messy bankruptcy proceeding.
