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Scaramucci recalls SBF’s ‘betrayal’: ‘I considered him a friend’

Anthony Scaramucci detailed his close relationship with former FTX CEO Sam Bankman-Fried, his family, and how he felt after the extent of FTX’s collapse was revealed during a panel discussion at the World Economic Forum in Davos.

“I had a close relationship with [Sam Bankman-Fried]I considered him a friend,” Scaramucci told Casper Labs. Blockchain Hub an event. “So I have to tell you that betrayal and fraud – it’s bad on many levels. It’s certainly damaged my reputation.”

While getting to know Bankman-Fried, Scaramucci said he also got to know his father, who was a tenured professor at Stanford Law School and worked for a charity with Bankman-Fried’s aunt. He also remembers traveling to Miami with Bankman-Fried and Shark Tank’s Kevin O’Learya former FTX spokesperson, to host a Shark Tank simulation for kids.

“I felt close to him and I felt close to his family,” he said.

Scaramucci, co-founder and managing partner of investment management firm SkyBridge Capital, told the audience that while he didn’t want to call FTX for fraud in the past, he felt comfortable doing so now.

“If anyone here has read Dante Alighieri’s book Hell, you know what the ninth circle of Hell is for,” Scaramucci said. “It’s for the betrayal of a friend who lives with the devil – the ninth circle of hell on the frozen lake,” he said.

Despite the bleak images, Scaramucci said Bankman-Fried’s actions did not spell the end of blockchain or crypto.

“That’s why we have blockchain and crypto, because we’re trying to create a decentralized situation where we don’t have to like or trust each other,” he said. “We can transact with each other in a way that technology fundamentally sanctifies.”

“I’m not going to stop taking risks,” he said. addedconcluding the panel titled “Not for the Faint-Hearted: Reflecting on Decades of Wins, Losses, Bulls and Bears.”

On November 11, 2022, FTX and several of its subsidiaries filed for bankruptcy, days after a bank run on its FTT token. The following month, Bankman-Fried was arrested in the Bahamas and extradited to the United States for face eight plot account.

Prior to his arrest, Bankman-Fried made several appearances, including an interview with New York Times journalist Andrew Ross Sorkin at the 2022 Deal Book Summit – against his attorney’s wishes – where he attempted to explain the situation and apologize.

“I thought Sam was the Mark Zuckerberg of crypto, I didn’t think he was the Bernie Madoff of crypto,” Scaramucci said. “I was mistaken.”

Prior to FTX’s collapse, Bankman-Fried offered bailouts to several crypto firms as the 2022 crypto winter dragged on. “The reason I did it, frankly, is because it’s not clear to me that there are others stepping in and doing this,” Bankman-Fried said during a interview on the Decrypt GM podcast.

In September 2022, two months before FTX filed for Chapter 11 bankruptcy protection, FTX Ventures purchased a 30% of capital in Scaramucci’s SkyBridge Capital, worth about $45 million. At the time, Scaramucci’s tone was friendlier towards the former billionaire, who now faces life in prison if convicted on all charges.

“Sam is a visionary who has built incredible businesses that synergize with the future of SkyBridge,” Scaramucci said at the time..

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