FTX Sues Anthony Scaramucci Over Alleged Influence-Buying Investments

The bankrupt crypto exchange seeks to recover funds from investments made by Sam Bankman-Fried, claiming they provided little benefit.

FTX has filed 23 lawsuits, including against Anthony Scaramucci and his hedge fund SkyBridge Capital, to recover funds for its creditors.
The lawsuits allege that Sam Bankman-Fried engaged in a campaign of influence-buying during the crypto winter of 2022.
FTX claims that $67 million was invested into various SkyBridge endeavors, which allegedly served to enhance Bankman-Fried's reputation rather than benefit FTX.
A 30% stake in SkyBridge was acquired by FTX Ventures in September 2022, just before FTX filed for bankruptcy.
FTX's lawsuit also targets other entities like Crypto.com and Fwd.us, accusing them of being part of a scheme to siphon funds from creditors.