Scaramucci investing in company set up by former FTX US president

Companies • January 15, 2023, 6:42AM EST
UPDATED: January 15, 2023, 8:12AM EST
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Quick Take

  • Anthony Scaramucci invests in a company set up by Brett Harrison.

Anthony Scaramucci is investing in a company set up by former FTX US president Brett Harrison.

The new company provides order management and algo-development services for the decentralized finance market, according to an investor briefed on Harrison’s plans.

Bloomberg reported that the American financier and former White House director of communications will support the venture with his own money. Scaramucci also tweeted about the investment in reply to a lengthy tweet thread from Harrison that lambasted disgraced FTX co-founder and CEO Sam Bankman-Fried, writing: "Brett I am proud to be an investor in your new company. Go forward. Don’t look back. Wishing you the best."

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“Anthony has been a true mentor and friend to me since I joined the crypto industry two years ago,” Harrison told Bloomberg News, adding: “I’m honored to have him as an investment partner, and know his guidance will be invaluable as I begin this new chapter.” He also tweeted: "Thank you so much, Anthony. Your support and advice means the world to me. I can’t wait to work together!"

Scaramucci only recently changed his tune on the FTX debacle, telling CNBC that "it's very clear now that there was fraud" — something he was hesitant to proclaim previously "because that's actually a legal term." He said his mind was changed when FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison pleaded guilty last month.

Updated to provide additional information.


Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Adam is the managing editor for Europe, the Middle East and Africa. He is based in central Europe and was a managing editor and podcast host at the crypto exchange OKX's former research arm, OKX Insights. Before that, he co-founded BeInCrypto.com, which he elevated into one of the leading crypto media brands at its peak as the editor-in-chief. Earlier, he served as the editor-in-chief at Bitcoinist.com. Before joining the blockchain and crypto industry, he worked for Looper.com, Grunge.com and SVG.com. He tweets via @XBT002 and can be emailed at [email protected].
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