A look at Anthony Scaramucci's SkyBridge, which went from $9.2B assets in 2015 to $1.8B in 2022, and the FTX deal for a 30% stake in SkyBridge in September 2022
and snowballed beginning in 2018 after Scaramucci, back from Washington, hired a friend from Harvard Law School who's been behind the money-losing push into crypto. https://www.bloomberg.com/... @prof...
Investor letter: Multicoin Capital's hedge fund lost 91.4% in 2022; in November it said 10% of assets were stuck on FTX and it had exposure to FTT, SOL, and SRM
The fund's performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.
In his NYT interview, SBF gave few straight answers while admitting to gross errors, denying claims of fraud, and claiming he “didn't knowingly commingle funds”
You hold customers' funds and don't do ANYTHING with them except hold them. When your customers ask for them back you give it to them - immediately. https://twitter.com/... @cmsintern : Intern notes f...