The cryptocurrency market is reeling from the rubble left behind by Sam Bankman-Fried, often known as SBF, when he stepped down as CEO of then-billion-dollar cryptocurrency exchange FTX.
Many details are still being released about the former crypto billionaire and his company’s connections to other cryptocurrency companies and subsidiaries, such as FTX US.
On January 14, Brett Harrison, the former president of FTX US, decided to come clean about his time with Sam Bankman-Fried. He discussed the sequence of events that led to her quitting his ‘dream job’.
Brett Harrison shares everything
Harrison said in a 49-part Twitter thread, spanning more than 1,200 words, that he worked with FTX US for seventeen months.
When his resignation was made public, people unaware of his plans were stunned. Others wondered if he had been fired. Harrison appeared to have abruptly left his dream job after a temporary job. The truth was that, for some time, FTX US had felt like something more than an exemplary work.
The former CEO of FTX US went on to speak about his relationship with Sam Bankman-Fried, stating that it had completely soured due to months of disagreements over FTX’s management methods.
Harrison had felt such a strong belief in starting his own business that it wasn’t worth keeping his “dream job.” It didn’t matter the prestige or the benefit or the risk he represented to the image of him leaving so soon, as a group of my friends, mentors and investors knew then.
SBF requested his former colleague, Brett, to join FTX US
In March 2021, Sam sent him an informal text message asking him to join FTX US Harrison had fond memories of Sam Bankman-Fried’s presence on Jane Street. Over the years, they had barely spoken. However, Brett claimed that he had regularly seen news articles about FTX’s expansion. In addition to being happy to hear from him, Brett was curious to find out more about how things were going at FTX.
Brett was eager to get started after negotiations with FTX US Over time, however, he became aware of the long-standing manifestations of greed and deceit that were undermining the company’s success and damaging trust. He claimed that this was one of the main factors why he left the organization.
In addition, Brett Harrison indicated that he had been the target of complaints on social networks after his departure. This included that he was seeking a plea bargain or that he was involved in a criminal conspiracy, which he fiercely disputed as false and unsubstantiated.
He also emphasized that FTX US, and many other companies in the cryptocurrency industry, put growth and profit above all else, often at the cost of moral behavior and openness.
In September of last year, Brett Harrison announced his resignation as president of FTX US Zach Dexter, former CEO of LedgerX and a leading figure in the field of cryptocurrencies, took over the exchange. At the time of his departure, FTX US was planning to move its offices from Chicago to Miami, where Mayor Francis Suárez is recognized for his support of cryptocurrencies.
