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CNBC SPECIAL: Anthony Scaramucci on The Collapse of FTX 10/13/23

TechCheck

CNBC

Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.566 Ratings

🗓️ 13 October 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Former billionaire Sam Bankman-Fried saw a meteoric rise as crypto’s golden boy and an even more spectacular fall as his $32 billion cryptocurrency exchange, FTX, collapsed in a matter of days. CNBC's Kate Rooney spoke with Anthony Scaramucci, founder of Skybridge Capital, about his front-row seat to the collapse and what it was like to visit SBF while his empire was crumbling around him. For the full Sam Bankman-Fried and FTX saga, watch the CNBC documentary "The Collapse of FTX: Insiders Tell All". Available now at cnbc.com/ftx and YouTube here: https://youtu.be/XqwGt69pDXQ Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Hi, I'm Kate Rooney a year ago.

0:04.5

Sam Bankman Freed, also known as SBF, was revered in the crypto world running an empire

0:08.9

valued at $32 billion.

0:10.9

Now the disgraced founder and ex-C CEO of the bankrupt

0:13.9

crypto exchange FTX has found himself on trial for allegedly

0:17.8

master mining one of the biggest financial frauds in US history. I sat down

0:22.1

with Anthony Scaramucci, founder of Skybridge Capital, for my documentary,

0:26.0

The Collapse of FTX, insiders tell all.

0:28.6

It's available now at cambi.com.

0:30.7

Skeleruchi was a business partner and a friend of

0:34.0

SPF. In the early days he trusted and liked Banff describing him as the Mark

0:38.7

Zuckerberg of crypto. But a lot has changed since then and now Scaramchy wonders if he was rubbing elbows with someone he now calls the Bernie made off of crypto

0:47.8

All right you do you get okay. So what was your first impression of Sam?

0:54.0

Yeah, I liked him.

0:55.0

I mean, he was nerdy.

0:57.0

He had the, I mean, he had the headset on,

1:01.0

he had the, you know, sort of his hair was disheveled, but you know I have a kid that Sam's age

1:06.7

so it didn't surprise me culturally. He was a little nerdy, very smart, pretty definitive directionally in terms of where he wanted to go.

1:14.8

I liked him.

1:15.8

How would you describe him to somebody who's never met him, never heard of him?

1:19.2

Well, I mean, there's a post-fact as it's a pre-fact.

1:25.0

So I would say pre-fact, I would have described him.

...

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