Scaramucci invests in a cryptocurrency company created by the former US head of FTX

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

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

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

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

FTX Ventures, the venture capital unit of Sam Bankman-Fried’s now imploded crypto empire, announced in September that it had taken a 30% stake in Scaramucci’s Skybridge Capital and that the firms would expand their partnership on investments venture capital and digital. Amid FTX’s bankruptcy, Scaramucci said SkyBridge would work to buy back that stake — and later said he did some checks on Bankman-Fried before the deal, but that “it wasn’t enough.”

Harrison worked at FTX US for approximately 17 months, resigning in September. Previously, he had been at Citadel Securities and quantitative trading firm Jane Street, where he worked with Bankman-Fried.

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

“Brett was a great developer and deeply understood FTX’s product,” Bankman-Fried said in a comment to Bloomberg News on Harrison’s Twitter thread. “While I strongly disagree with much of what he has said, I have no desire to enter into a public discussion with him, nor do I feel like it is my job to challenge his job performance in public, unless I you authorize us to do so.”

Bankman-Fried added, “I am sorry for what happened to all FTX employees and I wish them all the best.”

–With assistance from Annie Massa and Hannah Miller.

(Adds comment from Sam Bankman-Fried in last two paragraphs)

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