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Former FTX US President slams 'unsafe' SBF in 49-part Twitter thread

Published on

January 15, 2023
Read Time:2 Minute, 31 Second

Former FTX US President Brett Harrison has taken motion in opposition to Sam Bankman-Fried for manipulating and threatening colleagues who proposed options to restructure FTX US' governance construction.

Harrison divided his expertise with Bankman-Fried and FTX US on Dec. 14, explaining how he was "casually employed by way of textual content message" in March 2021 after spending a number of years working collectively at New York-based buying and selling agency Jane Avenue.

However six months into Harrison's tenure at FTX US, "rifts" started to type between the 2, he mentioned.

Though he initially described Bankman-Fried as a "delicate and intellectually inquisitive particular person," Harrison mentioned he noticed "full insecurity and intransigence" in Bankman-Fried when confronted with conflicts, significantly when Harrison proposed to FTX US separate places of work for his set up govt. growth and authorized groups.

16/49 I noticed in that early battle his complete insecurity and intransigence when his choices have been challenged, his spitefulness, and the fickleness of his mood. I spotted he wasn't who I remembered.

— Brett Harrison (@BrettHarrison88) January 14, 2023

Harrison added that he "wasn't certain what was making the dramatic change" in Bankman-Fried's erratic habits, though he suspected psychological well being points could have been a "contributing issue."

A part of this irrational habits that Harrison describes concerned a sequence of gaslighting and manipulation techniques that Bankman-Fried used in opposition to Harrison and different colleagues of their try to wash up FTX US' company chaos.

Harrison additionally recalled his current try and resolve FTX US group points with Bankman-Fried, claiming he threatened to "destroy my skilled status" if no formal apology was acquired:

29/49 In response, I used to be threatened on Sam's behalf that I might be fired and that Sam would destroy my skilled status. I used to be instructed to formally retract what I had written and ship to Sam an apology that had been drafted for me.

— Brett Harrison (@BrettHarrison88) January 14, 2023

Harrison mentioned the occasion "solidified" his resolution to depart.

Associated: FTX Ex-Worker: Extravagant Spending and Iconic Worship of SBF

Referring to the fraud allegations now being leveled at Bankman-Fried and different FTX colleagues, Harrison mentioned he was blindsided by the agency's alleged commingling and misuse of billions of {dollars} in consumer funds:

"I by no means would have guessed that behind such issues - which I've seen at different, extra mature firms in my profession and which I believed weren't deadly to enterprise success - there was multi-billion greenback fraud."

"If both of us had any suspicions, not to mention discovered the reality, we might have reported them instantly," he added.

Bankman-Fried was granted bail after posting $250 million bail and pleading not responsible to all eight prison costs filed in opposition to him on Jan. 3.

Harrison resigned as FTX's U.S. President on Sept. 27 -- about 5 weeks earlier than FTX's catastrophic collapse -- the place he mentioned he had moved to an advisory function.



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : January 15, 2023
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