Connect with us

Published

on

Anthony Scarammuci also noted that there was clearly fraud in the SBF and FTX debacle, while Mike Novogratz said theres a side of him that would like to punch SBF in the face. 8867 Total views 47 Total shares Listen to article 0:00 News Own this piece of history

Collect this article as an NFT SkyBridge Capital CEO Anthony Scaramucci said that his firm can buy back the stake of the company it sold to FTX back in September last year. Meanwhile, Galaxy Digital CEO Mike Novogratz has indicated that he would be tempted to punch SBF right in the jaw. SkyBridge and FTX

FTX Ventures acquired a 30% stake in the alternative asset manager SkyBridge for an undisclosed fee on Sept. 9, just a couple of months before FTX filed for bankruptcy in November.

Speaking to CNBC on Jan. 13, Scaramuci noted that in light of FTXs troubles, SkyBridge is making progress in buying back that stake but suggested the move wouldnt be able to get sorted until probably the end of the first half of this year.

Were waiting for the clearance from the bankruptcy people, the lawyers and the investment bankers to figure out exactly what were going to be buying back, and when, the CEO said, adding that, I think it will resolve itself favorably.

Speaking on former FTX CEO and founder Sam Bankman-Fried, Scaramucci outlined his thoughts that there has likely been some foul play there.

I think its very clear now that there was fraud. Well of course have to let the legal system determine all of those things. But for Sam, he’s got three of four of the principles that have worked alongside him have already pled guilty, and explained to prosecutors what they did, Scaramucci said.

Caught up with @Scaramucci today. FTX and Sam Bankman-Fried bought a 30% stake in Scaramucci's SkyBridge Capital before FTX collapsed. Now Scaramucci says that he's confident he'll be able to buy that stake back. Given new facts, he also alleges SBF committed fraud pic.twitter.com/jxltXdjCKW— Arjun Kharpal (@ArjunKharpal) January 13, 2023

The CEOs comments provide a stark contrast to his previous statements to CNBC from November, in which Scaramucci refused to use the fraud word due to its legal ramifications and urged Sam and his family to tell the truth to their investors, get to the bottom of the whole debacle.

According to SkyBridges website, it had $2.2 billion worth of assets under management as of Sept. 30, 2022, with roughly $800 million of the figure comprised of digital-asset-related investments. Galaxy CEO looking for a smackdown

Galaxy Digital CEO Mike Novogratz says there is a side of him that would like to punch both SBF and Digital Currency Group CEO Barry Silbert for their reported antics during crypto winter.

In an interview with Bloomberg posted on Jan. 13, Novogratz noted that the FTX ordeal ended up directly costing Galaxy around $77 million. As such, hes not a huge fan of SBF and other alleged misbehavior in the space over the past year.

The toxic masculine side of me would like to punch them both in the jaw, he said of SBF and Silbert, before adding specifically on SBF: Youve got to be f—ing kidding me. Like, really, you a——?

Related: Crypto community unimpressed by SBFs lengthy Substack letter

Novogratz ultimately admitted that he is still a crypto proponent despite 2022 being such a wild year for the industry.

He did note, however, that he wished he had taken more capital off the table earlier in 2022 before FTX and even the Terra/LUNA ecosystem went bust. Still, he says he managed to get more than $1 billion out before that year began. #Business #Bankruptcy #Asset Management #Mike Novogratz #FTX Related News What is impermanent loss and how to avoid it? Sam Bankman-Frieds charitable donations sought by FTX: Report FTX asset sales challenged by U.S. Trustee: Report FTX units on auction block draw 117 interested buyers: Court filing Miami-Dade gains right to remove FTX name from Heat arena

Continue Reading

Sports

Yanks finally score, otherwise sputter in latest loss

Published

on

By

Yanks finally score, otherwise sputter in latest loss

NEW YORK — The good news for the Yankees on Wednesday was they scored a run after 30 consecutive scoreless innings. The bad news was they again didn’t score enough to win.

The Yankees fell to the Los Angeles Angels 3-2 to extend their season-high losing streak to six games. The Angels will look to complete a four-game sweep Thursday afternoon at Yankee Stadium. The Yankees, whose lead in the AL East has shrunk to 1½ games, will look to emerge from an offensive funk that has produced seven runs in seven games.

“That’s baseball,” Yankees right fielder Aaron Judge said. “We know what we signed up for. You’re going to play 162. You’re going to hit a little rut like this, but you can’t give up. You can’t mope about it. You just got to show up the next day and you got to be ready to play.”

Jazz Chisholm Jr. ended the Yankees’ scoreless innings streak in the second inning with a moonshot solo home run down the right-field line, giving New York its first run since the ninth inning Saturday against the Boston Red Sox. Two innings later, Cody Bellinger launched another solo shot to give the Yankees their first lead since last Thursday when they defeated the Kansas City Royals 1-0.

But the Yankees mustered only one other hit — a ground ball from Bellinger in the sixth inning that was ruled a single after it bounced off Trent Grisham as he ran to second base for the inning’s second out. Yankees manager Aaron Boone said he believed his team’s at-bats Wednesday were better than they were Tuesday — when he said he noticed his players pressing — and pointed to four walks as progress.

But the Yankees went 0-for-3 with runners in scoring position and are 5-for-48 (.104) with 12 strikeouts, four walks and three RBIs in such situations over their past seven games.

“We just got to break through now like we’re capable of offensively,” Boone said.

Judge, the two-time AL MVP who is a heavy favorite to win a third this season, has gone 1-for-19 with 11 strikeouts, two intentional walks and a home run over the past five games. He went 0-for-4 on Wednesday with two strikeouts, a 94.7 mph groundout and 107.9 mph flyout.

“Guys are pitching, they’re doing their job,” Judge said. “Sometimes we’re faltering on doing our job. But it’s tough to say. I think it just comes down to us not executing, us not doing our job. Maybe a little passive in certain situations. But all we can do is show up tomorrow ready to go.”

The Angels broke through to retake the lead in the eighth inning Wednesday without a hit when, after three walks, shortstop Anthony Volpe mishandled a ground ball on what should’ve been a routine, inning-ending double play. Volpe, a Gold Glove winner in 2023, was charged with his ninth error of the season, the second most among shortstops across the majors.

“Right off the bat, I got to be aggressive, go get the ball, make the play,” Volpe said. “As far as that, that’s all it is. It’s the first read off the bat.”

The lack of execution trickled to the offensive side in the bottom of the inning. The Yankees appeared ready to mount a rally when Jasson Dominguez walked and Oswald Peraza was hit by a pitch to begin the inning. But they were left stranded as Grisham, who was given the green light to swing away with one strike after failing to drop down a bunt, popped out, before Judge flied out and Bellinger popped out to extinguish the threat.

“When we’re not scoring a lot of runs, we got to execute on the highest level on the little things,” Boone said. “And we haven’t done that this week a handful of times when we had some opportunities.”

Continue Reading

Sports

Rays’ 8-run comeback largest in MLB this season

Published

on

By

Rays' 8-run comeback largest in MLB this season

TAMPA, Fla. — The Tampa Bay Rays overcame an eight-run deficit to beat the Baltimore Orioles 12-8 on Wednesday night in the largest comeback in the majors this season.

Tampa Bay matched the biggest comeback in franchise history. The Rays also rallied from eight down in a 10-8 victory over the Los Angeles Angels on Aug. 18, 2012, and in a 10-9 win over the Toronto Blue Jays on July 25, 2009.

It tied the Orioles’ largest blown lead over the past 50 seasons. Baltimore last gave away an eight-run lead on April 28, 2017, against the New York Yankees. The Orioles led that game 9-1 entering the bottom of the sixth inning before losing 14-11 in 10 innings.

Baltimore had an eight-run second inning on Wednesday. Colton Cowser smacked a three-run home run, Cedric Mullins added a solo shot, Gunnar Henderson had an RBI single and Ramón Laureano hit a three-run homer.

Tampa Bay’s Christopher Morel hit an RBI double in the third, and Jake Mangum‘s two-run single cut it to 8-3. Curtis Mead hit a two-out triple in the fourth and scored on a Junior Caminero single. Brandon Lowe‘s two-run homer in the fifth made it 8-8. And Jonathan Aranda had a two-run single in the Rays’ four-run seventh.

Lowe has at least a hit and a run in seven consecutive games, the longest active streak of its kind in the majors. He is batting .464 (13-of-28) with two home runs, five RBIs and eight runs during that span.

Caminero had four hits and two RBIs for the Rays.

Entering Wednesday, teams were 0-134 when trailing by eight or more runs at any point this season.

“It’s a tough game,” Orioles manager Tony Mansolino said. “It really hurts. But tomorrow, we’ll have to bounce back and try to figure out how to win a game.”

Three teams came back from eight runs behind last season in the majors. Pittsburgh was the most recent team to rally from more than that, erasing a nine-run deficit in a 13-12 victory over the Cincinnati Reds on Nov. 23, 2023.

ESPN Research and The Associated Press contributed to this report.

Continue Reading

Politics

Iran orders crypto exchange curfew after $100M Nobitex hack

Published

on

By

Iran orders crypto exchange curfew after 0M Nobitex hack

Iran orders crypto exchange curfew after 0M Nobitex hack

Chainalysis’s head of national security intelligence told Cointelegraph the curfew is likely an attempt to prevent people from transferring capital out of the country.

Continue Reading

Trending