Ex-FTX US President to Launch Crypto Firm & Skybridge’s Anthony to invest

After stepping down as FTX, US President Brett Harrison announced a new venture in September 2022.
Brett also berated SBF and worked at FTX in a Tweet thread recently.
FTX bought a 30% stake in Skybridge Capital weeks before their collapse.

FTX collapse had pushed the crypto industry years back, and those in close vicinity were affected the most. But as always, things get better; Skybridge Capital’s founder Anthony Sacaramucci is to invest in a crypto company founded by Brett Harrison, the former FTX US president.

Speaking with Bloomberg via email, Anthony accepted to invest in the new crypto company with his funds; the idea of this new firm was revealed just three weeks after the FTX fallout.

The unnamed crypto software company is expected to enable crypto traders to create strategies based on algorithms to access both decentralized and centralized markets. Brett is seeking a target of $10 million with a valuation of $100 million.

Brett Harrison shared a long Twitter thread on January 14, 2023, explaining the workings at FTX US and Sam Bankman-Fried’s behavior with employees and subordinates. Anthony replied to a Tweet saying that he was “proud” to be an investor in Harrison’s new company.

Brett I am proud to be an investor in your new company. Go forward. Don’t look back. Wishing you the best.
— Anthony Scaramucci (@Scaramucci) January 14, 2023

Harrison thanked Sacaramucci, saying, “Your support and advice mean the world to me. I can’t wait to work together!”

Thank you so much, Anthony. Your support and advice means the world to me. I can’t wait to work together!
— Brett Harrison (@BrettHarrison88) January 14, 2023

Although it was not disclosed how much is invested and under what conditions.

Harrison stepped down as the president of FTX US in September 2022 and announced his new venture on September 27, 2022. Although he resigned from his post, he remained on the advisory board for the next few months.

It is known that Brett Harrison worked as the president of the FTX US and previously worked at Jane Street New York, where SBF and Caroline Ellison had also worked at some point in time. Brett was casually hired over text and had berated about Sam, office working ethics and many more.

In September 2022, FTX bought a 30% stake in Skybridge Capital just a few weeks before the collapse. Although the investment management firm can buy back the stakes, with the gravity and complexity of such a high-profile case, they are looking for options. Anthony previously refrained from calling the act committed by FTX to be a fraud but later said so.

Scaramucci seems very optimistic regarding the crypto market recovery, saying that 2023 would be the recovery year. Speaking to the media on January 15, 2023, he expects BTC to bounce near $50,000 to $100,000 in the coming two to three years.

Adding to his comment, he said:

“You are taking on risk but you’re also believing in BTC adoption. So if we get the adoption right, and I believe we will, this could easily be a fifty to one hundred thousand dollar asset over the next two to three years.”

At the time of writing, Bitcoin is trading at $21,126.71.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing