Brett Harrisonformer CEO of US FTXrevealed that he quit the cryptocurrency exchange due to his deteriorating relationship with Sam Bankman-Fried and its delegates regarding the management practices of the company.
In a lengthy Twitter thread on Saturday, Harrison shared many details about his move to FTX US, the US arm of FTP extensionau sein de laquelle il a travaillé pendant 17 mois avant de démissionner fin septembre 2022. A l’époque, il n’avait pas révélé pourquoi il quittait son rôle, mais avait déclaré qu’il resterait en tant que conseiller au sein de l ‘ agency.
Harrison now says differences with Sam Bankman-Fried and his deputies over FTX’s management practices prompted his decision:
“In truth, my position at FTX US no longer seemed like the dream job it had seemed to the industry and the media for some time, and my departure was not abrupt.”
Harrison detailed that SBF, who was his former colleague in Via Janehad asked him to join FTX US “randomly via text” in late March 2021. “My first few months at FTX US were wonderful,” he said, adding that he has worked largely independently from SBF.
The former CEO said he supported “creating separation and independence between FTX US’s executive, legal and development teams” from FTX International, which SBF opposed.
“This first conflict revealed his total insecurity and intransigence when his decisions were questioned, as well as his resentment and the volatility of his temperament.”
Harrison said his growing disagreement with SBF subsequently led to him being isolated from key decision-making. In April 2022, he reportedly filed a formal complaint in writing and warned that he would “resign if the issues are not resolved”.
“In response, I received threats of termination and was warned that Sam would destroy my professional reputation for me.”
Last week, in response to a Twitter user asking Harrison what he knows about FTX US, he replied, “I will share this information in due course.”
Prior to joining FTX US, Harrison had worked with the market maker for nearly two years Citadel titles and more than seven years as head of trading systems technology at investment firm Jane Street.
In December, The Information reported that Harrison was looking to raise $6 million for a new cryptocurrency startup focused on building trading software for large investors with a $60 million valuation. In his recent Twitter feed, he also noted that he was having trouble finding investors due to his background and his involvement in FTX.
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