
Bankrupt crypto exchange FTX filed 23 lawsuits Friday against Anthony Scaramucci’s SkyBridge Capital, Crypto.com, and other firms to recover $52 million in alleged misused funds.
The lawsuits claim former CEO Sam Bankman-Fried used company money for an “influence-buying campaign,” including a 30% stake in SkyBridge and $12 million in conference sponsorships. These investments “conveyed little to no benefit” to FTX, according to court documents.
The legal action follows Bankman-Fried’s 25-year prison sentence for fraud. He is currently appealing his conviction.