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Scaramucci invests in cryptocurrency company founded by Ex-FTX US Head


(Bloomberg) — Anthony Scaramucci says he is investing in a company founded by Brett Harrison, the former president of defunct cryptocurrency exchange FTX US.

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Scaramucci will use her own money for the venture to show support for Harrison, he said in an email.

Harrison has sought funding for a crypto software company with a valuation of up to $100 million, Bloomberg News reported last month. The proposed idea is for software that crypto traders can use to write algorithms for their strategies and access different types of crypto markets, both centralized and decentralized. medium, two people familiar with the matter said at the time.

“Anthony has been a real mentor and friend to me since I entered the crypto industry two years ago,” Harrison said in response to questions from Bloomberg News. “I am honored to have him as an investment partner and know that his guidance will be invaluable as I begin this new chapter.”

FTX Ventures, the venture capital arm of Sam Bankman-Fried’s now booming crypto empire, announced in September that it has acquired a 30% stake in Scaramucci’s Skybridge Capital and that the companies will expand their cooperation in the field of venture capital and digital assets. Amid the impending bankruptcy of FTX, Scaramucci said SkyBridge would work to buy back that share — and he later said he had done some checks on Bankman-Fried before the deal but that it was “no.” enough”.

Harrison worked at FTX US for about 17 months, leaving in September. Prior to that, he worked at Citadel Securities and quantitative trading firm Jane Street, where he worked with Bankman- Fried.

Scaramucci commented on the investment in response to a Twitter thread by Harrison about his experiences at FTX US.

“Brett is a great developer and has a deep understanding of the FTX product,” Bankman-Fried said in a comment to Bloomberg News on Harrison’s Twitter thread. “While I completely disagree with much of what he has to say, I do not wish to argue publicly with him, nor do I feel it my duty to litigate his work in public. , unless he gives me permission to do so.”

Bankman-Fried added, “I feel bad about what happened to all FTX employees and wish him all the best.”

–With support from Annie Massa and Hannah Miller.

(Add Sam Bankman-Fried’s comment in the last two paragraphs)

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