Scaramucci to Invest in Ex-FTX US President’s Company
- SkyBridge Capital founder Anthony Scaramucci plans to invest in a crypto firm founded by the former boss of FTX US, Brett Harrison.
- Scaramucci confirmed that he will be using his own personal funds to support the development of Harrison’s new firm.
- Harrison stated that he is building a crypto trading software for big investors and is also allegedly seeking investors to raise funds.
- The software allow crypto traders to create algorithmic-based strategies to access different markets—both centralized and decentralized.
Following the collapse of multi-billion dollar crypto exchange, FTX, many crypto enthusiasts and entrepreneurs are coming together to help the market recover and provide services to customers that would reinstill faith and confidence in the industry overall. The former President of the US arm of the bankrupt crypto exchange, Brett Harrison, recently started a new crypto firm, and SkyBridge Capital founder Anthony Scaramucci plans to invest in it.
In an email sent to Bloomberg, Scaramucci, who briefly served as the White House Director of Communications in 2017, confirmed that he will be using his own personal funds to support the development of Harrison’s new firm that is still in the process of development. While the details regarding the new company are yet to be revealed, Harrison announced his new venture just three weeks after his departure from FTX US.
As earlier reported by Bitnation, Harrison stated that he is building a crypto trading software for big investors, and for that, he is seeking to raise close to $6 million. It is also crucial to note that the funding round for the new firm would be against a valuation of $60 million, as Harrison is allegedly seeking out investors to launch his crypto startup.
Scaramucci, the person behind Skybridge Capital, a global investment firm based in New York City, will now become a part of Harrison’s untitled crypto trading software, which will allow crypto traders to create algorithmic-based strategies to access different markets—both centralized and decentralized.
“Brett I am proud to be an investor in your new company. Go forward. Don’t look back. Wishing you the best,” said Scaramucci in a Twitter post.
Interestingly, some reports suggest that Harrison is gunning for a $100 million valuation and plans to raise $10 million. While this has to be officially confirmed yet, it can be confirmed that the demand for crypto-related services is still high.
In response to the above Twitter statement from Scaramucci, Harrison replied, “Your support and advice means the world to me. I can’t wait to work together!” Interestingly, the financial details finalized between the two remain behind closed doors, and it is unclear how much of Harrison’s new firm the founder of Skybridge owns.
In a previous report, Scaramucci also confirmed that Skybridge has planned to purchase all the shares that it sold to the now-bankrupt crypto exchange FTX in 2022. Additionally, Scaramucci stated that “it’s very clear now that there was fraud” and added that “we have to let the legal system determine all of those things.”
“We’re waiting for the clearance from the bankruptcy people, the lawyers, and the investment bankers to figure out exactly what we’re going to be buying back, and when,” he said, adding it is unlikely for the situation to be resolved “until probably the end of the first half of this year.”
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
