In a vague purple-lit room with floor-to-ceiling windows (and a yacht outside) at the Benzinga Future of Crypto event, Kevin O’Leary, investor and founder of O’Leary Ventures, and Anthony Scaramucci, founder and managing partner of SkyBridge Capital, took the stage on the “Crypto Opportunities and Threats” panel to discuss what the future of crypto might hold after the demise of FTX.
The road ahead for FTX and CEO and founder Sam Bankman-Fried will be a long one, both panelists agreed. But Bankman-Fried is presumed innocent unless the court is found guilty, they said.
“If you ask me if what he did is right or wrong, based on the information I have, what he did was very wrong,” Scaramucci said. “But I leave it to regulators and prosecutors to decide.”
Scaramucci said he went to Bankman-Fried in the Bahamas on Nov. 8, three days before the stock exchange filed for Chapter 11 bankruptcy.
“I knew there was a serious problem, more serious than what the outside world thought,” Scaramucci said.