Scaramucci’s SkyBridge Capital Was Spiraling, and Then Came FTX

On Jan. 31, Anthony Scaramucci sat onstage at a hedge fund conference in Miami, answering questions about, among other things, his former business partner Sam Bankman-Fried. Seven weeks earlier, Bankman-Fried had been arrested for allegedly stealing billions of dollars from clients of FTX, the crypto brokerage he founded. A few months before that, he’d bought a 30% stake in Scaramucci’s SkyBridge Capital, which earns fees by investing in hedge funds and digital assets.

Despite the recent drama, the Mooch, as he’s known, looked relaxed in a Brioni suit and Prada lug-soled loafers, his forehead Botoxed to a smoothness unnatural ...