Skip to content

Shine Magazine

a different lifestyle

Connect with Us

Social menu is not set. You need to create menu and assign it to Social Menu on Menu Settings.

Primary Menu
  • General
  • News
  • Wellness
  • Travel
  • Fashion
    • Apparel
    • Beauty
    • Jewerly
    • Watchmaking
  • Beauty
  • Health and Wellness
    • Health
    • Fitness
      • Cardio workouts
      • Fitness challenges
      • Strength training
      • Workout routines
      • Yoga and pilates
      • Mental health awareness
      • Stress management
    • Sports
  • Culture
  • Home decoration
  • World
  • Stories
  • Technology
    • Science
    • Mecanic
  • News

FTX Files Lawsuit against Ex-White House Aide Anthony Scaramucci and SkyBridge Capital

FTX has filed a lawsuit against Anthony Scaramucci and his hedge fund SkyBridge Capital, amid efforts to raise money for the creditors of the now bankrupt crypto exchange.
MyShine November 10, 2024 1 min read
Anthony-Scaramucci

FTX, previously a prominent cryptocurrency exchange for Bitcoin, Ethereum, and Dogecoin, has reportedly instigated legal proceedings against former White House communications director Anthony Scaramucci and his hedge fund, SkyBridge Capital. This lawsuit is part of 23 others filed by FTX in Delaware’s bankruptcy court on Friday.

The primary objective of these lawsuits is to amass funds for the creditors of FTX, which has declared bankruptcy. Other plaintiffs in the lawsuit involve Cryptocom, a digital asset exchange platform, and political entities like FWD.US founded by Mark Zuckerberg.

FTX attributes its financial troubles to founder Sam Bankman-Fried’s ill-advised investments, particularly into Scaramucci’s firm, for an expansive financial, political, and social network, which brought little to no gains. These investments seemingly only bolstered Bankman-Fried’s standing in politics and traditional finance.

It’s noteworthy to mention that in 2022, Bankman-Fried invested $67 million into various SkyBridge projects when its assets under management were only about $2.2 billion, a drop from $9 billion in 2015. FTX Ventures acquired a 30% stake in SkyBridge Capital in September 2022, and the organization planned to utilize capital from the FTX deal to acquire more cryptocurrency assets. Unfortunately, FTX would declare bankruptcy two months later in November.

Continue Reading

Previous: Estelle Davenel and Hope Day: A Fusion of Fashion, Art, and Braille
Next: Low Voter Turnout in Cleveland Reflects Broader Societal Challenges

Related Stories

pexels-photo-6633070
2 min read
  • Business
  • News
  • Technology
  • Uncategorized

After the Ramses Central Fire: Telecom Providers’ Response for UAE Users

MyShine July 8, 2025
pexels-photo-28397728
2 min read
  • News
  • Sports
  • Travel

Magnus Carlsen’s SuperUnited Croatia Win: Insights for UAE Chess Enthusiasts

MyShine July 8, 2025
pexels-photo-32624139
2 min read
  • News
  • Tech
  • Technology
  • Travel

Ramses Central Fire in Cairo: Impact on Telecom Services for UAE Residents

MyShine July 8, 2025

Trending News

Collecting Vintage Watches: Tips and Trends for the Enthusiast pexels-photo-3952071 1
  • General

Collecting Vintage Watches: Tips and Trends for the Enthusiast

July 9, 2025
The Role of Design in Luxury Watchmaking: A Timeless Blend of Art and Precision mechanics-movement-feinmechanik-wrist-watch-47339 2
  • General

The Role of Design in Luxury Watchmaking: A Timeless Blend of Art and Precision

July 9, 2025
Understanding Watch Complications and Their Functions – WordPress pexels-photo-8327542 3
  • General

Understanding Watch Complications and Their Functions – WordPress

July 9, 2025
Famous Watchmakers and Their Signature Timepieces – WordPress pexels-photo-1134041 4
  • Art
  • Fashion
  • Watchmaking

Famous Watchmakers and Their Signature Timepieces – WordPress

July 9, 2025
The Impact of Quartz Technology on Traditional Watchmaking pexels-photo-5312554 5
  • Tech
  • Technology
  • Watchmaking

The Impact of Quartz Technology on Traditional Watchmaking

July 9, 2025
popular tags
  • WordPress
  • 2025 technology trends
  • Imagination
  • gastronomy
  • fintech innovations
  • Share on Facebook
  • Share on Twitter

You may have missed

pexels-photo-3952071
2 min read
  • General

Collecting Vintage Watches: Tips and Trends for the Enthusiast

MyShine July 9, 2025
mechanics-movement-feinmechanik-wrist-watch-47339
2 min read
  • General

The Role of Design in Luxury Watchmaking: A Timeless Blend of Art and Precision

MyShine July 9, 2025
pexels-photo-8327542
2 min read
  • General

Understanding Watch Complications and Their Functions – WordPress

MyShine July 9, 2025
pexels-photo-1134041
3 min read
  • Art
  • Fashion
  • Watchmaking

Famous Watchmakers and Their Signature Timepieces – WordPress

MyShine July 9, 2025

Recent Posts

  • Collecting Vintage Watches: Tips and Trends for the Enthusiast
  • The Role of Design in Luxury Watchmaking: A Timeless Blend of Art and Precision
  • Understanding Watch Complications and Their Functions – WordPress
  • Famous Watchmakers and Their Signature Timepieces – WordPress
  • The Impact of Quartz Technology on Traditional Watchmaking

Tags

30-day push-up challenge 2025 advancements 2025 education trends 2025 finance 2025 health 2025 innovations 2025 Sustainability 2025 technology trends 2025 travel 2025 wellness art galleries automotive lifestyle beauty inspirations beginner fitness Beyond Stars Bitcoin Bitcoin future Celestial Boundaries cognitive science Constellations Cosmic Creativity Cosmic Dreams Cosmos cryptocurrency diversity in Europe Emerging Trends fintech innovations future of space exploration Galaxies gastronomy human imagination Imagination Imagining the Universe Infinite Universe innovations in space mindfulness Night Sky Pilates space exploration stargazing storytelling strength training WordPress workout routines Yoga
Copyright © All rights reserved. | MoreNews by AF themes.