FTX sues SkyBridge Capital, demanding the return of $67 million invested in 2022 after the crypto market decline 💼

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FTX sues hedge fund SkyBridge Capital to recover its $67 million investment.

The cryptocurrency exchange filed a lawsuit against Antonio Scaramucci and his fund in the Delaware state court. This is one of 23 lawsuits filed by FTX last Friday, including against Crypto.com and the political organization FWD.US, founded by Mark Zuckerberg.

FTX claims that despite the investments made in 2022 during the downturn in the cryptocurrency market, their goal was not achieved. The investment in SkyBridge, according to the plaintiffs, did not bring any tangible benefits and was used by FTX founder Sam Bankman-Fried to strengthen his position in political and financial circles.

FTX invested $67 million in SkyBridge when the fund's assets shrank from $9 billion in 2015 to $2.2 billion, and Scaramucci needed support.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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