SkyBridge Capital founder Anthony Scaramucci told CNBC on Friday that the company is trying to buy back the stake FTX had acquired in the alternative investment firm.“We’re in a worse position because of the fact that we made the decision to have Sam join the cap table at SkyBridge,” Scaramucci said. “There’s no question that we’re in a worse position. He’s hurt the industry.””I would implore Sam and his family to tell the truth to their investors,” says @Scaramucci on @SBF_FTX. “I don’t want it to be called fraud at this time, because that’s an illegal term and none of the others know. We must leave it up for the regulars. But I am distressed about it.” pic.twitter.com/ldgPDMqlsQ— Squawk Box (@SquawkCNBC) November 11, 2022The investment arm of FTX, FTX Ventures, agreed to buy 30% of SkyBridge in September. FTX Ventures provided Scaramucci’s fund with capital to expand, build new products, and introduce cryptocurrencies. The company intended to invest $40 million of the funds over the long term in cryptocurrencies to preserve its balance sheet. However, due to the steep fall in the price of cryptocurrencies, the firm had to mark down some assets.Moreover, Scaramucci confirmed that SkyBridge does not have assets under custody at FTX, citing the potential conflict of interest.“Stop 22 tweets…explain exactly what happened”As part of his CNBC interview, Scaramucci suggested that Bankman-Fried and his family make FTX’s events public to clarify matters. “Stop 22 tweets, but get themselves in front of a regulator and explain exactly what happened,” Scaramucci told CNBC. “If there was a fraud, let’s clean it up to the extent possible and repair the accounts FTX has.”The SkyBridge CEO has been an outspoken supporter of cryptocurrencies and has guided the company into several new crypto offerings since late 2020. The firm had also tried to list a spot bitcoin ETF earlier, but the SEC rejected it because of unclear regulations.Get an Edge on the Crypto Market 👇Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis. Analyse of the chain Price snapshots More context Register now to receive $19 per month. Explore all benefits



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