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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

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Trump or Harris? Millions of Americans set to decide next president

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Trump or Harris? Millions of Americans set to decide next president

Voters across 50 states are preparing to cast their ballots after a bitterly contested US election campaign, which will see Donald Trump or Kamala Harris become president.

In the last few hours, both candidates have been giving their final pitches. “The momentum is on our side,” Ms Harris told a crowd in Philadelphia that chanted back, “We will win”.

“Tonight, then, we finish as we started: with optimism, with energy, with joy,” she said, while enjoying the support of celebrity endorsements on the day from Katy Perry, Lady Gaga and Jon Bon Jovi.

US election latest updates

In contrast, Mr Trump ended his campaign in Michigan, repeating key messages about the economy and immigration.

A handful of states will play a crucial role in determining the outcome of the election. Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin hold the keys to the White House.

To become president, the winning candidate needs 270 electoral votes or more, with each state carrying a different number of votes.

More on Us Election 2024

But the focus has been on Pennsylvania which carries 19 electoral votes, the most of all the swing states.

It has been a remarkable journey for both candidates – with Mr Trump surviving two assassination attempts and Ms Harris not even originally in the running.

Katy Perry performs after an appearance by Democratic presidential nominee Vice President Kamala Harris at a campaign rally at the Carrie Blast Furnaces in Pittsburgh, Monday, Nov. 4, 2024. (AP Photo/Gene J. Puskar)
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Katy Perry performed in Pittsburgh in support of Kamala Harris. Pic: AP

For more than a year, the 2024 presidential race seemed destined for a rematch between Joe Biden and Mr Trump – but a disastrous TV debate by Mr Biden eventually forced him to withdraw from the ticket.

The Democratic party’s decision to replace Mr Biden with his vice president transformed the race and shifted polls in Ms Harris’s favour. But only just.

Many polls are too tight to call and, with a large margin of error, most experts are refusing to predict the outcome.

Read more:
Overseas ballots face legal challenge

You decide the new president
Should we fear Trumponomics?

Later, attention will turn to those battleground states including Georgia, which is among the first polls to close at 7pm local time (midnight UK time).

State election officials told Sky News they could have a result as early as 10pm (3am UK time).

Even so, it could be several days before the US has a definitive result.

Voters are not just selecting a president. In addition, 10 states will hold abortion-related ballots, half of which would overturn existing restrictions.

Predict who you think will win in each swing state and we’ll tell you who the president will be if you’re right.

Tonight, Sky News will have access to the most comprehensive exit poll and vote-counting results from every state, county and demographic across America through its US-partner network NBC.

You can find out more about Sky News’ coverage here.

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Meet the pro-crypto contenders who could replace SEC chief Gary Gensler

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Meet the pro-crypto contenders who could replace SEC chief Gary Gensler

There are several new candidates who could potentially become the next chair of the SEC.

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Science

Antarctic Ozone Hole Might Fully Recover by 2066, Claims New Study

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Antarctic Ozone Hole Might Fully Recover by 2066, Claims New Study

Each year, a seasonal thinning of the ozone layer appears over Antarctica, a reminder of environmental damage done by industrial chemicals. However, 2024 has brought encouraging news, as this year’s ozone depletion was smaller than in previous years, sparking optimism about the ongoing recovery of the atmosphere’s protective layer. In recent monitoring from September to mid-October, scientists from NOAA and NASA observed that the ozone hole over Antarctica was the seventh smallest in recorded history.

Although still substantial in size, averaging around three times larger than the continental United States, it peaked at 8.5 million square miles on 28 September before beginning to contract.

As per a report by Earth.com, the Montreal Protocol, an international treaty ratified in 1992, has played a critical role in this improvement. By phasing out chlorofluorocarbons (CFCs), the treaty helped reduce chemicals that harm the ozone. This year’s relatively smaller hole is a direct result of these efforts and a fortunate influx of ozone-rich air moving southward, replenishing the atmosphere over the Antarctic.

Decreased CFC Levels Brings Hope for Recovery

Dr Paul Newman, NASA’s head of ozone research, noted that “the 2024 Antarctic ozone hole is smaller than those observed in the early 2000s, reflecting the gradual recovery that’s been ongoing for two decades.” This positive trend underscores the impact of global cooperation to control ozone-depleting substances.

Despite this progress, scientists are cautious. Stephen Montzka of NOAA’s Global Monitoring Laboratory highlights that recovery remains a slow process. CFCs still in the atmosphere will linger for decades before fully breaking down. Bryan Johnson, a research chemist at NOAA, pointed out that the 2024 ozone concentration reached a low of 109 Dobson units, significantly below 1979 levels of 225 units.

International Monitoring and Future Prospects

NASA and NOAA will continue tracking the ozone layer closely. They will use satellite instruments and weather balloons launched from Antarctic stations to measure the ozone levels. As existing CFCs slowly degrade, scientists anticipate steady improvements, aiming for a full restoration of the ozone layer by 2066.

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Anthropic Introduces PDF Image Understanding With Claude 3.5 Sonnet AI Model

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