Skybridge founder invests in former FTX.US president's firm

Skybridge founder invests in former FTX.US president’s firm

16.01.2023 10:55 (Updated 16.01.2023 10:01)
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by Yana Popenkova
2 min read

Anthony Scaramucci, the founder of Skybridge Capital, is investing his personal money in the new software company founded by Brett Harrison, the former president of FTX.US.

After leaving FTX.US in September, Brett Harrison planned to remain with the company as an advisory member. However, in the weeks following FTX’s collapse, Harrison announced that he was in talks with investors about funding his new startup. This crypto firm would offer trading software for users to create algorithmic strategies for various markets.

Anthony Scaramucci was one of those investors, telling Bloomberg via email that he is investing his personal money in Harrison’s startup, which does not have a name yet. The amount Scaramucci is willing to invest was not disclosed. However, Harrison has set a funding goal of $10 million at a $100 million valuation.

Harrison confirmed Scaramucci’s investment proposal to Bloomberg News:

Anthony has been a true mentor and friend to me since I joined the crypto industry two years ago. I’m honored to have him as an investment partner, and know his guidance will be invaluable as I begin this new chapter.

Recently, Brett Harrison tweeted a long thread of reasons for his resignation as president of FTX.US, weeks before the collapse of FTX.

Related: FTX.US against SBF

Anthony Scaramucci replied:

In the thread, Brett emphasizes that his resignation was caused by the complete deterioration of relations with Sam Bankman-Fried and other leaders in his inner circle. Harrison worked independently at the beginning of his 17-month tenure, and FTX.US was only growing. At the same time, months later, he began to receive decisions from the Bahamas, emphasizing that Sam Bankman-Fried was making them without actually being involved in the deals of the subsidiary, FTX.US.

During the bankruptcy proceedings, it emerged that FTX.US was not, in fact, an independent subsidiary. Other FTX companies, such as LedgerX, FTX Europe, FTX Japan, and Embed, are currently for sale.

Related: FTX asks to sell its solvent businesses

Author

  • Previously worked in the arts, now specializes in covering crypto with an emphasis on DeFi, blockchain and mass adoption. Offers simple and clear writing, always looking for new ways to present information. Major in International Relations, minor in English, in a spare time reads postmodern literature, does yoga and watches movies.

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