The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for Citadel Securities. In the Twitter thread, the former president of the U.S. subsidiary explained that his “relationship with Sam Bankman-Fried and his deputies had reached a point of total deterioration, after months of disputes over management practices at FTX.”
Brett Harrison’s Deteriorating Relationship With FTX CEO Sam Bankman-Fried Leads to Resignation
On Jan. 14, 2023, Brett Harrison, the former president of FTX US, shared his personal account of his experience working at FTX US, the United States-based crypto exchange company, for seventeen months. Harrison described his days with the U.S. exchange in a 49-part Twitter thread that goes into great detail. Initially, Harrison was excited to join the company, but over time, his relationship with the company’s CEO, Sam Bankman-Fried (SBF), deteriorated due to disputes over management practices.
“Six months into my time at the company, pronounced cracks began to form in my own relationship with Sam,” Harrison said. “Around then I began advocating strongly for establishing separation and independence for the executive, legal, and developer teams of FTX US, and Sam disagreed.”
Despite facing immense pressure, Harrison persisted in disagreeing with the CEO of FTX, whose sway over various industries was both pervasive and unyielding. Harrison said others at FTX US shared his dissent towards the CEO and his inner circle, as he remarked that it was a team of seasoned professionals from reputable firms in U.S. finance, law, and regulated exchanges.
“Our collective experience and professional acumen were frequently treated as though they were irrelevant and valueless. It was extremely frustrating for all of us,” Harrison insisted. Harrison added:
Sam was uncomfortable with conflict. He responded at times with dysregulated hostility, at times with gaslighting and manipulation, but ultimately chose to isolate me from communication on key decision-making.
Harrison Resigned From FTX on Sept. 27, 2022, After Attempts to Address Organizational Problems at the Company
Ultimately Harrison decided to leave the…
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