• Brett Harrison, the former president of FTX US, accused Sam Bankman-Fried of „gaslighting and manipulation“ while working at FTX US.
• Harrison served as the head of FTX US for a total of 17 months and threatened to quit the organization in April of last year due to what he saw as organizational flaws with FTX’s structure.
• Bankman-Fried’s crypto empire started to fall apart just weeks before Harrison left his position as head of FTX’s U.S. branch in September.
On Saturday, Brett Harrison, the former president of FTX US, made a series of tweets on Twitter in which he provided information about his time working for Sam Bankman-Fried, the disgraced crypto tycoon who has been accused of a number of financial offenses. In these tweets, Harrison accused Bankman-Fried of “gaslighting and manipulation” and revealed that he was marginalized as a leader while attempting to expand the footprint of the now-defunct cryptocurrency exchange in the United States.
Harrison served as the head of FTX US for a total of 17 months and had been attempting to expand the exchange’s operations in the US since he was appointed in December 2020. However, he claims that his relationship with Bankman-Fried had started to deteriorate months prior to his departure. After months of disagreements over FTX’s management procedures, Harrison said that “my relationship with Sam Bankman-Fried and his subordinates had reached a point of absolute degradation.”
In early April 2022, Harrison made a written formal complaint about the organization’s structure, stating that he saw “the largest organizational problems” with the company. However, his complaint fell on deaf ears and he felt that he was being “marginalized as a leader” in the organization. This further strained his relationship with Bankman-Fried and eventually led to his resignation in September 2022, just weeks before Bankman-Fried’s crypto empire started to unravel.
Since leaving FTX US, Harrison has become increasingly vocal about his experiences at the company and has taken to social media to share his story. He has accused Bankman-Fried of using “gaslighting and manipulation” to control the organization and its employees, and has called for a more transparent and ethical corporate culture in the crypto space.
Harrison’s story serves as a cautionary tale for those considering working in the crypto space. It is a reminder that it is important to do your research and be aware of potential red flags before signing up to work with any company. It is also a lesson in the importance of speaking up and making your voice heard, even if it means going against the grain.