FTX alleges that during the crypto winter of 2022, founder Sam Bankman-Fried engaged 'in a campaign of influence-buying throughout the year and making lavish and showy 'investments'. FTX claims these investments conveyed little to no benefit.'
Bankman-Fried invested $67 million into various SkyBridge endeavors in 2022 as Scaramucci had been 'seeking a bailout.' SkyBridge's assets under management had fallen significantly, demonstrating the firm's precarious position.
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