FTX's bankruptcy estate is on a mission to reclaim over $100 million from SkyBridge Capital and its founder, Anthony Scaramucci. The funds were initially spent by former FTX CEO Sam Bankman-Fried on various sponsorships and investments with SkyBridge, starting with a $12 million sponsorship of Scaramucci's SALT conference in early 2022.

FTX attorneys argue that the investments, including a $45 million acquisition of a 30% stake in SkyBridge, lacked financial rationale. They also accuse SkyBridge of breaching agreements by selling digital assets without FTX's consent. Meanwhile, FTX has been actively filing lawsuits against other entities like KuCoin and Crypto.com to recover additional assets.