Scaramucci’s SkyBridge Pauses Withdrawals for a Fund With FTX Exposure #togrp7
Anthony Scaramucci’s Skybridge Capital has halted investor redemptions for one of its hedge funds – Legion Strategies. The fund, with $230 million in assets under management (AUM), happens to be one of the smaller offerings of the investment firm.
Since the peak of the 2021 bull run, several crypto-assets, including Bitcoin and Ethereum, have plummeted by nearly 70%. In fact, crypto is currently in the midst of one of the worst market crashes in its a little over a decade old history. The broader stock market also crumbled. The falling prices have gutted a myriad of once-established players, including lenders, stablecoin issuers, and retail and institutional investors alike.