<\/p>\n
During an Oct. 13 CNBC interview<\/a>, Anthony Scaramucci, the founder of SkyBridge Capital,<\/a> detailed his perspectives on Sam Bankman-Fried<\/a>, founder of FTX and a former business associate who now stands trial for fraud.<\/p>\n Scaramucci<\/a> provided insight into his early take on Bankman-Fried, which inspired trust and confidence over time. Immediately struck by his eccentricities and perceived intelligence, Scaramucci said he soon became persuaded by Bankman-Fried\u2019s projected altruism, as well.<\/p>\n Scaramucci described his early impression of Bankman-Fried as the \u201cMark Zuckerberg of crypto.\u201d He admired the vision of establishing a 21st-century financial exchange, beginning with cryptocurrency but eventually branching out into other assets. As he recalls, \u201c[Bankman-Fried] was nerdy, very smart\u2026I saw somebody that had a vision for a next-generation exchange.\u201d<\/p>\n Bankman-Fried\u2019s projected image of humility and purposefulness further bolstered Scaramucci\u2019s trust. Scaramucci noted that Bankman-Fried was \u201cless affected by material wealth\u201d and \u201cstruck [him] as somebody that was really trying to do something transformative.\u201d This projection resonated with Scaramucci\u2019s entrepreneurial spirit, leading him to sell a piece of his business to Bankman-Fried. The SkyBridge Capital founder also made high-profile introductions for Bankman-Fried, even introducing him to senior figures in the Middle East and engaging with their families. \u201cThe more time I spent with Sam, the smarter I felt he was,\u201d he added before turning to the depth of his disillusionment later.<\/p>\n Scaramucci also recalled traveling to the Bahamas to meet with Bankman-Fried just before FTX collapsed. It was during this period that Scaramucci began to realize the magnitude of the trouble, describing Bankman-Fried\u2019s behavior as \u201cdissociative.\u201d<\/p>\n Just days later, on Nov. 11, 2022, Scaramucci appeared on CNBC to say that SkyBridge Capital would attempt to buy back its equity stake acquired by FTX, but doing so will now require going through the company\u2019s formal bankruptcy process. In the same interview, Scaramucci admitted to liking and trusting both Bankman-Fried and FTX while apologizing to investors for the error in judgment. However, he was far from<\/a> the only one who fell for it.<\/p>\n Sam Bankman-Fried is currently on trial for fraud in the Southern District of New York. He is presumed innocent until proven guilty.<\/p>\n The post \u2018I liked him; I trusted him\u2019: Anthony Scaramucci describes being taken in by Sam Bankman-Fried<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" During an Oct. 13 CNBC interview, Anthony Scaramucci, the founder of SkyBridge Capital, detailed his perspectives on Sam Bankman-Fried, founder of FTX and a former business associate who now stands trial for fraud. Scaramucci provided insight into his early take on Bankman-Fried, which inspired trust and confidence over time. Immediately struck by his eccentricities and […]<\/p>\n","protected":false},"author":2,"featured_media":173932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-173931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173931"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173931\/revisions"}],"predecessor-version":[{"id":173934,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173931\/revisions\/173934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/173932"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}