Brett Harrison, the former President of the crypto exchange FTX.US, said he would share information about the insolvent firm when the time comes. Harrison made the statement on Twitter after being asked by a user to share what he knows about the bankrupt exchange and when he discovered it.
I’ll share in time
— Brett Harrison (@BrettHarrison88) January 9, 2023
Harrison resigned as the President of FTX.US in September 2022, this was a few months before Sam Bankman-Fried, former FTX CEO said the firm was having liquidity issues.
1/ An announcement: I’m stepping down as President of @FTX_Official. Over the next few months I’ll be transferring my responsibilities and moving into an advisory role at the company.
— Brett Harrison (@BrettHarrison88) September 27, 2022
At the time of his resignation, Harrison said the crypto industry was at a crossroads, and his concern as a Financial Technologist at the time is the point at which major crypto players enter the industry. In addition, he said he is also worried about how the market’s landscape becomes increasingly fragmented and technologically sophisticated.
He also said he would continue to be a part of the industry with the aim of accelerating the growth of both the centralized and decentralized sectors of the global crypto markets, while also assisting Bankman-Fried and his team to make sure FTX ends 2022 on a high momentum.
Harrison’s Contribution to FTX
While there are still speculations on Harrison’s involvement pertaining to the collapse of FTX, two former Bankman-Fried colleagues have already pleaded guilty to assisting Bankman-Fried in defrauding FTX investors of billions of dollars.
The news of Harrison’s resignation from FTX was very striking at the time because he was a major contributor to the firm’s growth. Harrison was responsible for the overall strategy and direction of FTX, as well as managing the company’s operations and partnerships.
Harrison has experience in quantitative trading and has had positions with both Susquehanna International Group and other international trading companies. Additionally, he’s worked for trading companies Jane Street and Optiver.
Harrison was appointed as FTX.US President in 2021 as a seasoned professional with considerable knowledge in creating conventional financial technologies. As the President, he collaborated closely with the senior leadership team to strengthen FTX.US.
Meanwhile, a report from TheInformation news revealed that Harrison has plans to build a crypto trading software startup for bigger investors. The report also stated that Harrison is already in talks with investors to fund his project.
A person familiar with the matter said Harrison has told at least one venture capital firm that he hopes to raise $6 million at a valuation of $60 million, even though the specifics are still susceptible to change.
