former FTX US president Brett Harrison Relationship with distraught exchange founder revealed Sam Bankman-Fried It was getting to the point where it was totally degraded. Harrison said he wasn’t worth staying with the company, no matter how prestige he was, and that leaving early also risks damaging his reputation.
In a statement posted on Twitter, SaturdayHarrison expressed concern about Bankman-Fried’s mental health and addiction, saying, “Like many of us, we have family and friends living with addiction and mental health issues. At first, I sympathized with him, thinking that this might be a factor.”
Harrison added that he doesn’t know Bankman-Fried personally enough and that he “doesn’t have real-time time to ponder over this question.” FTX FTT/USD Founder and disagreed with many of the decisions he made regarding business operations.
The decision from the Bahamas was taken without warning
Harrison described his first few months at the company as “fantastic” and while Bankman-Fried rarely engaged in the FTX US business, decisions affecting FTX US came without warning. He said it would come from the Bahamas.
He added that after six months on the job, things started to change.
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Harrison began to insist on establishing separation and independence for FTX US’s executive, legal, and development teams, but Bankman-Fried disagreed.
Harrison said:
Consequences of Not Agreeing with Bankman-Fried
Harrison also stressed the pressure that comes from opposing Bankman-Fried.
“It’s hard under any circumstances to stand up to an insecure, proud manager. But every day, every major voice in culture and commerce must be plain wrong if they disagree with the manager.” It’s almost impossible to deafen you with stories that allude to,’ he said.
He added that he was not alone in opposing Bankman-Fried at FTX US, and that FTX US is staffed with experienced professionals from US financial firms, law firms, and regulated exchanges. said.
“Our collective experience and professional acumen were often treated as if they were irrelevant and worthless. It was very frustrating for all of us,” Harrison said. I was.
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