Brett Harrison, the former president of FTX US, has revealed that he left the crypto exchange due to a deteriorating relationship with Sam Bankman-Fried and his duties over management practices.
In a lengthy Twitter thread on Saturday, Harrison shared some details about his time at FTX US, the US arm of FTX, where he worked for 17 months before departing at the end of September 2022. At the time, he did not reveal why he was leaving his role but said he would remain at the company as an advisor.
However, Harrison now says that a dispute with Sam Bankman-Fried and his duties over management practices at FTX forced him to leave the role. he said:
“The truth was that FTX US had not felt like the dream job I had been visible to the industry and media for some time, and my departure was not sudden.”
Harrison elaborated that SBF, who was his former colleague at Jane Street, asked him to join FTX US at the end of March 2021 “over text in general”. “My first few months at FTX US were amazing,” he said, adding that he worked extensively. Independent of SBF.
The former crypto boss said that he advocated for FTX International to “establish separation and independence for the executive, legal and developer teams of FTX US,” which the SBF disagreed with.
“What I saw in that early struggle was his total insecurity and dogmatism, his malevolence and the instability of his nature when his decisions were questioned.”
Nevertheless, Harrison said that his growing disagreements with the SBF kept him out of communication on major decision-making. In April 2022, he reportedly made a written formal complaint and threatened to “resign if the problems are not resolved”.
“In response, I received threats from Sam that I would be fired and that Sam would destroy my professional reputation. I was instructed to formally retract what I wrote and apologize to Sam that was prepared for me.”
Last week, in response to a Twitter user who asked Harrison what he knew Regarding FTX US and when he learned about it, he replied, “I will share in time.”
Prior to joining FTX US, Harrison spent nearly two years at market maker Citadel Securities and more than seven years at investment firm Jane Street as head of trading systems technology.
notice in december Reported That Harrison is seeking to raise $6 million for a new crypto startup focused on building crypto trading software for large investors at a valuation of $60 million. In his recent Twitter thread, he also stated that he is having trouble finding investors because of his involvement with FTX.
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