Skybridge Capital Founder: The Time to Invest in Crypto Is Now

Scaramucci’s firm, which has $2.2 billion in assets under management, had a $45 million tie to failed crypto exchange FTX when founder Sam Bankman-Fried bought an estimated 30% stake. According to Scaramucci, SkyBridge then bought $10 million worth of FTX’s native token, FTT, which it later sold at an estimated $9.6 million loss. He did not say when the FTT was sold.