'Ninth circle of hell' is reserved for SBF for his betrayal: Scaramucci
SkyBridge Capital managing partner Anthony Scaramucci has opened up about the “betrayal” he felt over the actions of FTX founder Sam Bankman-Fried, who he said he once considered a “friend.”
Speaking at Casper Lab’s Blockchain Hub event in Davos, Switzerland on Jan. 16, Scaramucci emphasized that in the aftermath of the FTX debacle, he felt “betrayed” by Bankman-Fried given that he had a close friendship with both him and his family.
“I have to tell you that the betrayal and the fraud, its bad on a lot of different levels, it certainly hurt me reputationally, but i’m just talking about the visceral relationship with somebody,” he said, adding that:
Explaining his relationship with Bankman-Fried in further detail, Scaramucci ultimately admitted that he bet on someone he trusted and “got it wrong.”
“I’m a high profile person so my mistakes get wildly magnified, [that’s] totally fine but I'm not gonna stop the risk-taking,” he said, adding: "I thought Sam was the Mark Zuckerberg of crypto, I did not think he was the Bernie Madoff of crypto."
However, the SkyBridge founder has not been deterred by the whole ordeal, as he emphasized that he has made a career off of taking risks, and as such he’ll “probably make that mistake again.”
Similarly, Scaramucci’s faith in crypto in has not been shaken either, as he stressed that FTX’s bankruptcy had nothing to do with the underlying value proposition of the technology.
"That's why we have blockchain and crypto, because we're trying to create a decentralized situation where we don't have to like or trust each other. [...] We can transact with each other in a way where the technology basically sanctifies."
Related: Crypto community unimpressed by SBF’s lengthy Substack letter
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