Former President of FTX US breaks silence, says SBF was insecure, volatile and spiteful, threatened to “destroy my professional reputation” Cryptocurrencies
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But perhaps the biggest reason why Harrison is now the source of the first true insider account of FTX and SBF is the simplest: He left months before the whole structure imploded. And the reasons he quit foreshadow the other stories we’ve read in recent months, the ones contained in indictments of the legal type, in sworn testimony, and soon in court hearings.
“My first few months at FTX US were wonderful,” Harrison said. “I worked largely independently of Sam to grow a US-based team and foster a professional environment prepared for regulated businesses. The team was dedicated and productive. Customer feedback was positive. I was excited about the future.”
Harrison suspected addiction or mental health problems might have been partially to blame. “But I didn’t know Sam well enough personally or have any real time to reflect on the question,” he said. “I was in a business relationship with him, and he was making a number of decisions about running a business that I disagreed with.”
After that, Harrison said he would find out about decisions impacting FTX US that were made without his input and behind his back. “It felt terrible,” he said, characterizing his state at the time as “desperate but trying hard not to show it.” When FTX and Alameda imploded in November, dragging over 100 subsidiaries with them into bankruptcy including FTX US, he was stunned.
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