CNBC SPECIAL: Anthony Scaramucci on The Collapse of FTX 10/13/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 13 October 2023
⏱️ 16 minutes
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| 0:00.0 | Hi, I'm Kate Rooney, a year ago, Sam Bankman-Freed, also known as SPF, was revered in the crypto |
| 0:06.6 | world, running an empire valued at $32 billion. |
| 0:10.3 | Now the disgraced founder and XCEO of the bankrupt crypto exchange FTX has found himself |
| 0:15.6 | on trial for allegedly master mining one of the biggest financial frauds in U.S. history. |
| 0:21.2 | I sat down with Anthony Scaramucci, founder of Skybridge Capital, for my documentary, |
| 0:25.5 | The Collapse of FTX Insiders Tell All, available now at cmbc.com slash FTX. |
| 0:32.0 | Scaramucci was a business partner and a friend of SPF, in the early days he trusted and liked |
| 0:36.8 | Bankman-Freed, describing him as the Mark Zuckerberg of crypto. |
| 0:40.5 | But a lot has changed since then, and now Scaramucci wonders if he was rubbing elbows with someone |
| 0:45.2 | he now calls the Bernie Madoff of crypto. |
| 0:49.8 | So what was your first impression of Sam? |
| 0:52.8 | I liked him, I mean he was nerdy, he had the headset on, he had the hair was disheveled, |
| 1:03.8 | but I have a kid that Sam's age, so it didn't surprise me culturally, he was a little nerdy, |
| 1:10.2 | very smart, pretty definitive direction in terms of where he wanted to go, I liked him. |
| 1:16.0 | How would you describe him to somebody who's never met him, never heard of him? |
| 1:21.2 | Well, I mean there's a post fact, there's a pre fact, so I would say pre fact, I would |
| 1:26.1 | have described him, I mean I thought he was the Mark Zuckerberg of crypto, is he now the |
| 1:31.8 | Bernie Madoff of crypto, will let the judge and jury decide that, but when I first met him |
| 1:37.2 | I would have said that he was a visionary, he had an idea of where to go for an exchange. |
| 1:43.9 | In the United States we have two very robust exchanges, but they're both from turns of |
| 1:49.6 | the century of years ago, you know, the button would treat the New York Stock Exchange, |
| 1:53.5 | that's a 1700s exchange, the CME is an 1800s exchange, and Sam was building a 21st century |
... |
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