Scaramucci Calls Out Sam Bankman-Fried as a 'Fraud like Madoff'

Speaking at Casper Lab's Blockchain Hub event in Davos, Switzerland, Scaramucci emphasized that he felt "betrayed" by Bankman-Fried, given that he had a close friendship with both him and his family.

Scaramucci, who once considered Bankman-Fried as the "Mark Zuckerberg of crypto," now believes that he is a fraud like Bernie Madoff and should "go to hell for his betrayal." 

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He stated that his close relationship with the former FTX CEO and his inner circle had damaged his reputation. Scaramucci also added that the "Ninth Circle of Hell" is reserved for traitors like Bankman-Fried.

Explaining his relationship with Bankman-Fried in further detail, Scaramucci ultimately admitted that he bet on someone he trusted and "got it wrong." 

“I have to tell you that the betrayal and the fraud, it’s bad on a lot of different levels. It certainly hurt me reputationally, but I’m just talking about the visceral relationship with somebody,” he added.

However, he has not been deterred by the whole ordeal. Instead, Scaramucci emphasized that he has made a career off of taking risks and, as such, he'll probably make that mistake again.

Similarly, Scaramucci's faith in crypto has not been shaken either. According to what he said in the interview, Scaramucci stresses that FTX's bankruptcy had nothing to do with the underlying value proposition of the technology. 

"That's why we have blockchain and crypto because we're trying to create a decentralized situation where we don't have to like or trust each other. We can transact with each other in a way where the technology basically sanctifies,” he stated.

Scaramucci is working to regain the lost share of his company. He expressed that he is optimistic regarding 30% of the stake acquired by FTX Ventures will be returned by 2023.

In other news, Monex, a Tokyo-based online brokerage, is reportedly interested in acquiring FTX Japan.