• Brett Harrison, former president of FTX US, revealed he left the crypto exchange due to a deteriorating relationship with Sam Bankman-Fried and his deputies over management practices.
• Harrison detailed that SBF asked him to join FTX US “casually over text” in late March 2021 and his first few months at FTX US were wonderful.
• He advocated for establishing separation and independence for the executive, legal, and developer teams of FTX US, which SBF disagreed with.
Brett Harrison, the former president of FTX US, recently revealed the reasons behind his departure from the crypto exchange. In a long Twitter thread on Saturday, Harrison shared the details of his time at FTX US, which lasted 17 months before he left in late September 2022.
Harrison stated that the deteriorating relationship between him, Sam Bankman-Fried, and his deputies over management practices at FTX was the main reason behind his departure. He recalled how it all started when Bankman-Fried asked him to join FTX US “casually over text” in late March 2021. Harrison said his first few months at FTX US were wonderful and he worked largely independently of Bankman-Fried.
However, the former crypto boss said he advocated for establishing separation and independence for the executive, legal, and developer teams of FTX US from FTX International, to which Bankman-Fried disagreed. Harrison stated that he saw in that early conflict Bankman-Fried’s total insecurity and intransigence when his decisions were questioned, his spitefulness, and the volatility of his temperament.
Due to the disputes over management practices, Harrison said his relationship with Bankman-Fried and his deputies had reached a point of total deterioration. As a result, he decided to leave the role at FTX US, though he remained as an advisor at the company.
Harrison’s departure from FTX US has been a topic of discussion among industry and media, which he said hadn’t felt to him like the dream job it appeared to be. He concluded his Twitter thread by expressing his gratitude to FTX US and the team he worked with.