Jul 17, 2024

Skybridge Capital founder and managing partner Anthony Scaramucci discusses the FTX fallout and how he went from "hero to zero" in a matter of nine weeks during the collapse of the exchange.

Video transcript

I just want you to imagine me uh reporting that I am now a hero on C NBC Sam who's a storied uh brilliant guy. He's the Mark Zuckerberg of crypto. He's bought 30% of my business. We're gonna have this generational transfer of knowledge and uh we're gonna go out and uh help him grow his business, grow our business, et cetera. Such great excitement. Nine short weeks later, I'm back on television having to tell people, unfortunately, I sold my business to somebody that uh we didn't know it at the time, but he was guilty of fraud. I mean, he was convicted of fraud and he's now serving a jail cell in a jail cell. It is a very, very painful experience. So I went from hero to zero in a nine week period of time. And uh it was a terrible situation for me.

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