‘I believe Sam has set us again regulatorily’: FTX investor Scaramucci

Former FTX US President Brett Harrison ‘by no means misplaced religion within the enterprise’ whereas at now-shuttered trade

It has been virtually six months since FTX collapsed, and loads has transpired since then, together with executives being charged to trade companies going through ripple results from its demise.

At Consensus 2023, Anthony Scaramucci, former White Home comms director and founder and managing associate of SkyBridge Capital, which invested within the trade and Brett Harrison, founder and CEO of Architect and former FTX US president, shared their experiences throughout FTX’s downfall and what life has been like since.

“It’s essential to speak about it as a result of if I can stop one individual from having that occur to them what occurred to us then it’s value it to me to speak about it,” Scaramucci stated.

Harrison resigned from FTX in late September, weeks earlier than it collapsed. In January, he launched his personal firm that makes buying and selling infrastructure for giant crypto buyers. His startup raised $5 million and is backed by Coinbase Ventures, Circle Ventures and Scaramucci, amongst others.

SkyBridge Capital bought a 30% stake to FTX, weeks earlier than the crypto trade exploded. “We went from hero to zero in that transaction in about eight weeks,” Scaramucci stated.

Neither Scaramucci nor Harrison have spoken to former FTX CEO Sam Bankman-Fried in months. Harrison stated the final time they talked was when he resigned from FTX US: He stated he despatched Bankman-Fried a textual content message telling him he was departing, to which Bankman-Fried replied with a pink coronary heart emoji.