The FTX bankruptcy estate is seeking to recover over $100 million from SkyBridge Capital and its founder Anthony Scaramucci. This effort is tied to investments and sponsorships made by former FTX CEO Sam Bankman-Fried (SBF) in 2022. Key transactions include a $12 million sponsorship for the SALT conference and a $10 million investment in the SkyBridge Coin Fund. Additionally, FTX acquired a 30% stake in SkyBridge's operating companies for $45 million, which FTX's attorneys argue lacked financial sense. They contend that employees at FTX believed there were better, cheaper ways to invest in cryptocurrencies. The lawsuit also accuses SkyBridge of selling part of these digital assets without FTX's permission, a violation of their agreement. The assets were reportedly worth $120 million at current prices, indicating significant potential losses linked to these decisions. This lawsuit is part of a series of legal actions taken by the FTX bankruptcy estate as it attempts to recover lost funds.

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