{"id":168744,"date":"2022-12-22T17:26:48","date_gmt":"2022-12-22T17:26:48","guid":{"rendered":"https:\/\/precoinnews.com\/?p=168744"},"modified":"2022-12-22T17:26:48","modified_gmt":"2022-12-22T17:26:48","slug":"anthony-scaramucci-on-the-fall-of-ftx","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/","title":{"rendered":"Anthony Scaramucci on the Fall of FTX"},"content":{"rendered":"

Anthony Scaramucci \u2013 the founder of Sky Bridge Capital and the former communications director for President Donald Trump \u2013 has given his thoughts on the FTX debacle and the fall of what was labeled one of the biggest and most prominent crypto exchanges in the space.<\/p>\n

Anthony Scaramucci Gives His Thoughts on FTX<\/h2>\n

FTX took a 30 percent stake in Sky Bridge last September. At the time of writing, the company has filed bankruptcy and the executive behind it all, Sam Bankman-Fried, has resigned from his post. The company began experiencing trouble in mid-November after it attempted to be bought out by Binance following what online posts described as a \u201cliquidity crunch.\u201d<\/p>\n

From there, it looked like there was going to be a merger between Binance and FTX, though this was later cancelled given Binance felt the problems FTX was dealing with would be too big to handle. This is what led the firm into further demise and eventual bankruptcy.<\/p>\n

At the time of writing, Bankman-Fried is getting a lot of flak for his role in the enterprise\u2019s fall. Some are claiming that he played around with investors\u2019 money and took too many chances. Others are stating that his greed and malicious nature led to FTX\u2019s collapse. Scaramucci is dismissing all these claims for now, and he\u2019s reluctant to say that there was any fraud contributing to what occurred.<\/p>\n

In an interview, he commented:<\/p>\n

\n

I don\u2019t want to call it fraud at this moment because that\u2019s a legal term. I would implore Sam and his family to tell the truth to their investors. Get to the bottom of it.<\/p>\n<\/blockquote>\n

Scaramucci feels that more than likely what happened is Bankman-Fried made mistakes while coping with the bear market, which he thinks can be said for many companies including Voyager Digital and even the Celsius Network, two firms that eventually went on to file bankruptcy earlier in the year. He doesn\u2019t necessarily think these companies are bad or did anything malicious.<\/p>\n

Rather, he wonders if they simply \u201clost their cool\u201d as a means of dealing with the bearish conditions 2022 has brought on, and that they weren\u2019t thinking clearly during this time. He further stated:<\/p>\n

\n

When Three Arrows went down, it could be possible that Sam had difficulty then, and then he made some decisions that turned out to be disastrous for him and both sides of this business.<\/p>\n<\/blockquote>\n

Maybe Nothing Nasty Was Happening<\/h2>\n

Scaramucci then went on to say that he had spent time personally looking into what might have happened, and his research leads him to conclude that there was no illegal activity involved. He said:<\/p>\n

\n

Duped I guess is the right word, but I am very disappointed because I do like Sam. I don\u2019t know what happened because I was not an insider at FTX.<\/p>\n<\/blockquote>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Anthony Scaramucci \u2013 the founder of Sky<\/p>\n","protected":false},"author":3,"featured_media":168743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAnthony Scaramucci on the Fall of FTX - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anthony Scaramucci on the Fall of FTX - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Anthony Scaramucci \u2013 the founder of Sky\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-22T17:26:48+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/12\/Anthony-Scaramucci-on-the-Fall-of-FTX-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/\",\"name\":\"Anthony Scaramucci on the Fall of FTX - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2022-12-22T17:26:48+00:00\",\"dateModified\":\"2022-12-22T17:26:48+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Anthony Scaramucci on the Fall of FTX\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Anthony Scaramucci on the Fall of FTX - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/","og_locale":"en_US","og_type":"article","og_title":"Anthony Scaramucci on the Fall of FTX - Pre Coin News","og_description":"Anthony Scaramucci \u2013 the founder of Sky","og_url":"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/","og_site_name":"Pre Coin News","article_published_time":"2022-12-22T17:26:48+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/12\/Anthony-Scaramucci-on-the-Fall-of-FTX-.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/","url":"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/","name":"Anthony Scaramucci on the Fall of FTX - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2022-12-22T17:26:48+00:00","dateModified":"2022-12-22T17:26:48+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/anthony-scaramucci-on-the-fall-of-ftx\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Anthony Scaramucci on the Fall of FTX"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/168744"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=168744"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/168744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/168743"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=168744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=168744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=168744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}