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The Mooch’s Remembrance of S.B.F.’s Past

Candid reflections on the past, present, and future of the former crypto boy king, from a brief, one-time wingman.

“I’m looking at an overmedicated young man“ said The Mooch. “It’s almost Shakespearean.”
“I’m looking at an overmedicated young man“ said The Mooch. “It’s almost Shakespearean.” Photo: Eóin Noonan/Getty Images
William D. Cohan
October 18, 2023

He may not be at the federal courthouse in downtown Manhattan, but Anthony Scaramucci, a.k.a. The Mooch, has had a front-row seat on the narrative arc of what has become the tragic spectacle of Sam Bankman-Fried. Early on, The Mooch’s hedge fund-of-funds, SkyBridge Capital, made a small investment in FTX, S.B.F.’s crypto exchange. It was, for a time, a mutually beneficial relationship. In September 2022—two months before the S.B.F. denouement—FTX Ventures, the company’s investment arm, agreed to buy a 30 percent stake in SkyBridge for $45 million, valuing SkyBridge at $150 million, and giving S.B.F. an option to buy up to 85 percent of SkyBridge after three years at a higher price.