Close Menu
TechBrunchTechBrunch
  • Home
  • AI
  • Apps
  • Crypto
  • Security
  • Startups
  • TechCrunch
  • Venture

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Circle IPOs are giving hope to more startups waiting to be published to more startups

June 5, 2025

Perplexity received 780 million questions last month, the CEO says

June 5, 2025

Bonfire's new software allows users to build their own social communities free from platform control

June 5, 2025
Facebook X (Twitter) Instagram
TechBrunchTechBrunch
  • Home
  • AI

    OpenAI seeks to extend human lifespans with the help of longevity startups

    January 17, 2025

    Farewell to the $200 million woolly mammoth and TikTok

    January 17, 2025

    Nord Security founder launches Nexos.ai to help enterprises move AI projects from pilot to production

    January 17, 2025

    Data proves it remains difficult for startups to raise capital, even though VCs invested $75 billion in the fourth quarter

    January 16, 2025

    Apple suspends AI notification summaries for news after generating false alerts

    January 16, 2025
  • Apps

    Perplexity received 780 million questions last month, the CEO says

    June 5, 2025

    Bonfire's new software allows users to build their own social communities free from platform control

    June 5, 2025

    x Test to highlight posts that users with dissent

    June 5, 2025

    Google says the updated Gemini 2.5 Pro AI model is excellent at coding

    June 5, 2025

    Introducing Bounce, a tool that will drive your followers between Bluesky and Mastodon

    June 5, 2025
  • Crypto

    Circle IPOs are giving hope to more startups waiting to be published to more startups

    June 5, 2025

    GameStop bought $500 million in Bitcoin

    May 28, 2025

    Vote for the session you want to watch in 2025

    May 26, 2025

    Save $900 + 90% from 2 tickets to destroy 2025 in the last 24 hours

    May 25, 2025

    Only 3 days left to save up to $900 to destroy the 2025 pass

    May 23, 2025
  • Security

    Humanity unveils custom AI models for US national security customers

    June 5, 2025

    Unlock phone company Cellebrite to acquire mobile testing startup Corellium for $170 million

    June 5, 2025

    Ransomware Gangs claim responsibility for Kettering Health Hack

    June 4, 2025

    Former CTO of CrowdStrike's cyber-rivals and how automation can undermine security for early-stage startups

    June 4, 2025

    Data breaches at newspaper giant Lee Enterprises impact 40,000 people

    June 4, 2025
  • Startups

    7 days left: Founders and VCs save over $300 on all stage passes

    March 24, 2025

    AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

    March 24, 2025

    20 Hottest Open Source Startups of 2024

    March 22, 2025

    Andrill may build a weapons factory in the UK

    March 21, 2025

    Startup Weekly: Wiz bets paid off at M&A Rich Week

    March 21, 2025
  • TechCrunch

    OpenSea takes a long-term view with a focus on UX despite NFT sales remaining low

    February 8, 2024

    AI will save software companies' growth dreams

    February 8, 2024

    B2B and B2C are not about who buys, but how you sell

    February 5, 2024

    It's time for venture capital to break away from fast fashion

    February 3, 2024

    a16z's Chris Dixon believes it's time to focus on blockchain use cases rather than speculation

    February 2, 2024
  • Venture

    Less than 48 hours left until display at TC at all stages

    June 5, 2025

    TC Session: AI will be on sale today at Berkeley

    June 5, 2025

    North America accounts for the majority of AI VC investment despite the harsh political environment

    June 5, 2025

    3 days left: Charge all your locations in stages on TC Expo Floor

    June 4, 2025

    From $5 to Financial Empowerment: Why Stash co-founder Brandon Krieg is a must-see for TechCrunch All Stage 2025

    June 4, 2025
TechBrunchTechBrunch

FTX Bankruptcy Foundation files suit against Anthony Scaramucci, FWD.us, and others

TechBrunchBy TechBrunchNovember 10, 20242 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Telegram Email


Bankrupt cryptocurrency company FTX announced on Friday that Anthony Scaramucci (pictured above), his hedge fund Skybridge Capital, and others including Crypto.com and Mark Zuckerberg-backed lobbying group Fwd.us filed 23 lawsuits against organizations.

These lawsuits are an attempt to recover funds from FTX's creditors following its bankruptcy. FTX said the funds targeted in these lawsuits were made at a time when the company was struggling to meet its cash flow needs, and that the funds targeted by founder and CEO Sam Bankman Fried. It alleges that it was part of an “influence buying campaign” by Mr.

“These 'investments' provided little benefit to the debtors and instead served only to advance Bankman Fried's standing in the worlds of politics and traditional finance,” the lawsuit alleges. said it sought to use it as a “potential source of capital.” He invested in FTX to fill a hole in his balance sheet, thereby keeping his plan alive. ”

Since the company went bankrupt, FTX executives have been convicted on charges including fraud and money laundering. Bankman Freed was sentenced to 25 years in prison and is currently appealing his conviction.

In the case of SkyBridge and Scaramucci, a financier who briefly served as White House communications director under President Donald Trump, FTX acquired SkyBridge in September 2022, just months before FTX went bankrupt and Bankman went bankrupt. announced that it would acquire a 30% stake. Freed was arrested.

According to the complaint, FTX also paid $12 million to sponsor Mr. Scaramucci's SALT conference and invested $10 million in the SkyBridge Coin fund. In return, Scaramucci took Bankman Freed on a “whirlwind tour of the United States and the Middle East” to pitch potential investors, and Scaramucci was “very invested in the success of Bankman Freed's fundraising efforts.” “So he lent his funds to Bankman Freed,” FTX alleges. To avoid showing up to important meetings in his trademark shorts and T-shirt, Bankman Freed put on a suit and tie before the meeting. ”

Meanwhile, Fwd.us' lawsuit alleges that payments to Fwd.us from FTX's sister company Alameda Research “siphon money from FTX Group's creditors and enhance their own personal reputations at the expense of creditors.” “This is part of FTX Insider's integration plan for ”

SkyBridge and Fwd.us did not immediately respond to TechCrunch's requests for comment.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Circle IPOs are giving hope to more startups waiting to be published to more startups

June 5, 2025

GameStop bought $500 million in Bitcoin

May 28, 2025

Vote for the session you want to watch in 2025

May 26, 2025

Save $900 + 90% from 2 tickets to destroy 2025 in the last 24 hours

May 25, 2025

Only 3 days left to save up to $900 to destroy the 2025 pass

May 23, 2025

Starting from up to $900 from Ticep, 90% off +1 in 2025

May 22, 2025

Leave A Reply Cancel Reply

Top Reviews
Editors Picks

7 days left: Founders and VCs save over $300 on all stage passes

March 24, 2025

AI chip startup Furiosaai reportedly rejecting $800 million acquisition offer from Meta

March 24, 2025

20 Hottest Open Source Startups of 2024

March 22, 2025

Andrill may build a weapons factory in the UK

March 21, 2025
About Us
About Us

Welcome to Tech Brunch, your go-to destination for cutting-edge insights, news, and analysis in the fields of Artificial Intelligence (AI), Cryptocurrency, Technology, and Startups. At Tech Brunch, we are passionate about exploring the latest trends, innovations, and developments shaping the future of these dynamic industries.

Our Picks

Circle IPOs are giving hope to more startups waiting to be published to more startups

June 5, 2025

Perplexity received 780 million questions last month, the CEO says

June 5, 2025

Bonfire's new software allows users to build their own social communities free from platform control

June 5, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

© 2025 TechBrunch. Designed by TechBrunch.
  • Home
  • About Tech Brunch
  • Advertise with Tech Brunch
  • Contact us
  • DMCA Notice
  • Privacy Policy
  • Terms of Use

Type above and press Enter to search. Press Esc to cancel.