east ftx us President Brett Harrison His ties to the embattled founder of the exchange are exposed Sam Bankman-Fried It had reached a state of complete disrepair. Harrison says that it was not worth it to continue working for the company, regardless of reputation or upside, or any risk it may pose to him. early departure reputation,
In a statement released on Twitter SaturdayHarrison raised concerns about Bankman-Fried’s mental health and addiction, saying, “Like many of us, I have family and friends who live with addiction and mental health problems, and I’ve seen That’s how these problems often appear without warning in early adulthood. I thought that might be a contributing factor, and initially felt sympathy.”
Harrison said that he did not know Bankman-Fried personally well or had “no real time to consider the question”, but had a professional relationship with her. ftx ftt/usd founder and disagreed with many of the decisions he made about running the business.
The decision from the Bahamas came without warning
Describing his first few months at the company as “amazing”, Harrison said that, while Bankman-Fried rarely engaged in FTX US business, decisions affecting FTX US would come from the Bahamas without warning.
He said things began to change during his six months at the company.
Harrison began strongly advocating for the establishment of separation and independence for FTX US’s executive, legal and developer teams, but Bankman-Fried disagreed.
Harrison said, “What I saw in that early struggle was his total insecurity and dogmatism, his rancor and the instability of his temper when his decisions were questioned. I realized he was not quite what I remembered.”
Consequences of disagreeing with Bankman-Fried
Harrison also highlighted the pressure that came from disagreeing with Bankman-Fried.
“It’s hard to stand up to an insecure, arrogant manager under any circumstances. But it’s nearly impossible when every day, every major voice of culture and commerce deafens you with a narrative that means if you If you disagree with the manager, you are clearly wrong.” They said.
He further added that he was not the only one at FTX US who disagreed with Bankman-Fried and that FTX US was staffed with experienced professionals from US finance firms, law firms. and regulated exchanges,
“Our collective experience and professional skills were often treated as if they were irrelevant and without value. This was extremely frustrating for all of us,” said Harrison.