Hedge fund veteran and crypto bull Anthony Scaramucci is reportedly making investments in a new trading software firm created by the former president of bankrupt crypto exchange FTX.US.
According to a new report by Bloomberg, the SkyBridge Capital founder and CEO is deploying some of his personal money to invest in Brett Harrison’s crypto software company.
[adinserter block="1"]Though no specific details were given on the amount of the investment, Harrison is reportedly looking for $100 million for his startup, which aims to create a software program that crypto traders could use to write algorithms to aid in their investment strategies, both on centralized and decentralized exchanges.
As stated by Harrison to Bloomberg,
“[Scaramucci] has been a true mentor and friend to me since I joined the crypto industry two years ago. I’m honored to have him as an investment partner, and know his guidance will be invaluable as I begin this new chapter.”
Scaramucci responded by saying that he’s proud to be an investor in Harrison’s startup.
“Brett, I am proud to be an investor in your new company. Go forward. Don’t look back. Wishing you the best.”
Harrison, who worked for FTX for about a year and a half, stepped down from his position in September 2022, shortly before the company and its affiliates went bankrupt.
Also in September, FTX Ventures, the venture capital branch of FTX, purchased a 30% stake into SkyBridge Capital. Due to FTX’s collapse in November, Scaramucci said his plan was to eventually repurchase the shares, according to the report.
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