from his CEO position after the firm filed for Chapter 11 bankruptcy proceedings at a United States court earlier this month.
SkyBridge disclosed it would use a portion of the funds it received from FTX to purchase $40 million worth of digital assets to add to its balance sheet as a long-term investment. However, with FTX now under the water, Scaramucci intends to buy back the 30% equity purchased by the exchange after his failed attempts to rescue the trading platform.“My legal team and my other partners are working to buy back that stake to take him off of our cap table,” Scaramucci said, referring to SBF.The American went on a rescue mission earlier this week to the Bahamas to meet SBF and left after realizing the actual state of the situation.
“And then when I got to the Bahamas, it became clear, at least from some of the people that worked on the legal and compliance team, that perhaps there was more going on than it being a rescue situation. So when I left the Bahamas in the afternoon, I was actually distressed,” said Scaramucci.
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Source: Cointelegraph - 🏆 562. / 51 Read more »