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Anthony Scaramucci’s funding fund SkyBridge Capital purchased $10 million value of FTT tokens after receiving an funding from FTX founder Sam Bankman-Fried.
The Monetary Occasions reported on Thursday, citing three sources, that Bankman-Fried advised Scaramucci to purchase FTT tokens created by his now bankrupt cryptocurrency alternate FTX and would subsequently take a stake in his funding agency SkyBridge Capital.
The funding in SkyBridge, which was extensively publicized in September, comprised of Bankman-Fried spending round $45 million for a 30% stake within the agency by his enterprise agency FTX Ventures.
Scaramucci acknowledged the purchases in a Twitter area dialogue on Thursday afternoon, explaining this his agency was not large enough to pump FTT tokens.
“Shopping for $10 million of FTT tokens was a ceremonial gesture. I don’t suppose we moved the market, by the best way. I can state definitively we didn’t promote any FTT tokens. Even after I discovered what I discovered final Tuesday,” he mentioned within the interview.
He added that he felt it “inappropriate” for SkyBridge to promote its FTT tokens and can take the loss.
“These tokens really feel like they’re going to commerce to zero until there’s one thing I don’t perceive that’s going to occur to these tokens.”
“And in the event that they commerce to zero, so be it. I write the loss off on these tokens. However the notion that he’s shopping for my agency in order that I can pump the token, my agency is simply not large enough. It’s simply not life like,” he added.
Based on Coinmarketcap, the FTT token on Friday was buying and selling at $1.54, down from $22 earlier than Binance CEO Changpeng Zhou mentioned his agency would promote its holdings, then valued at $2.1 billion.
Associated: Binance CEO Changpeng Zhou takes swipe at Sam Bankman-Fried following new revelations from chapter submitting
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