Skybridge announces suspension of withdrawals from one of its crypto-exposed funds

Skybridge joins the crowd that has frozen crypto investors’ funds, although head Anthony Scaramucci says the suspension is a temporary measure with no fear of liquidation.

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Skybridge Capital has suspended withdrawals from its Legion Strategies fund – one of the firm’s funds with crypto exposure. Founder Anthony Scaramucci confirmed the move July 19 in an interview on CNBC, after Bloomberg reported it a day earlier citing anonymous sources.

Scaramucci told CNBC:

“Everybody signed an investor agreement, this type of flexibility, so I don’t think there are any surprises here given what’s going on in the overall market.”

Skybridge is among the financial services companies that have applied to list a Bitcoin exchange-traded fundand been rejected by the United Sates Securities and Exchange Commission (SEC).


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