CEO of SkyBridge Capital revealed!! Aims to buy back 30% of the company’s shares that were previously sold to FTX.

SkyBridge Capital CEO Anthony Scaramucci said his firm could buy back shares of a company it sold to FTX last September.

FTX Ventures acquired a 30% stake in SkyBridge on Sept. 9, just a few months before FTX filed for bankruptcy in November.

Scaramuci said.told CNBC on Jan. 13 that due to the FTX issue, SkyBridge is conducting a stock buyback. But it is expected that it may have to wait until the end of the first half of this year.

“We are waiting for approval from bankruptcy, lawyers and investment bankers to figure out what we will buy back. and when,” said the CEO.

Speaking to former CEO and founder of FTX Sam Bankman-Fried, Scaramucci summed up his thoughts: There is likely to be an improper action.

“I think it’s very clear now that there was fraud. But of course we will have to let the law determine these things, but for SAM, he has already admitted his guilt. and explain to prosecutors what they did.”

SkyBridge had $2.2 billion in assets under management as of September 30, 2022, of which approximately $800 million was made up of investments related to digital assets.

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