The FTX bankruptcy estate is pursuing over $100 million from SkyBridge Capital and founder Anthony Scaramucci to reclaim expenses incurred by former FTX CEO Sam Bankman-Fried (SBF) on sponsorships and investments with Scaramucci and SkyBridge dating back to 2022. Bankman-Fried engaged in various investments and partnerships with SkyBridge Capital and Scaramucci, including a $12 million sponsorship of Scaramucci's SALT conference in January 2022 and a $10 million investment in the SkyBridge Coin Fund through Alameda Research in March 2022. FTX later acquired a 30% stake in SkyBridge's operating companies for $45 million in September 2022. FTX alleges that the investment was financially imprudent and accuses SkyBridge of breaching the agreement by selling digital assets without permission. The lawsuit also highlights the discrepancy in asset values between purchase and sale. FTX has initiated multiple legal actions to recover frozen assets from KuCoin and Crypto.com as well. Read more AI-generated news on: https://app.chaingpt.org/news