FTX and Alameda Research collapsed in November 2022, causing approximately $8 billion in losses to customers of the now-bankrupt exchange.
The FTX bankruptcy estate seeks to recover over $100 million from SkyBridge Capital and founder Anthony Scaramucci to recoup funds spent by former FTX CEO Sam Bankman-Fried (SBF) on sponsorship and investment deals with Scaramucci and SkyBridge dating back to 2022.
According to the November 8 legal filing, Bankman-Fried made a series of investments and collaborative partnerships with SkyBridge Capital and Scaramucci before the collapse of FTX — beginning with a $12 million sponsorship of Scaracmucci’s SALT conference in January 2022. Shortly after, in March 2022, SBF directed Alameda Research to invest $10 million in the SkyBridge Coin Fund.
FTX lawsuit against SkyBridge and Scaramucci. Source: Kroll
