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Ex-FTX US President Brett Harrison Denies Involvement in Scandal

Brett Harrison debunks rumors linking him with the alleged FTX fraud, and said he left the company over breakdown of relationship with SBF.The former FTX US president said he was...
Ex-FTX US President Brett Harrison Denies Involvement in Scandal Ex-FTX US President Brett Harrison Denies Involvement in Scandal

  • Brett Harrison debunks rumors linking him with the alleged FTX fraud, and said he left the company over breakdown of relationship with SBF.
  • The former FTX US president said he was isolated from key decision-making processes.
  • Harrison suspects that SBF might have suffered a form of addiction or mental health issue.

Former FTX US president, Brett Harrison has debunked rumors linking him with the alleged fraud executed by Sam Bankman-Fried (SBF) and his team at FTX. According to Harrison, the scheme was run by SBF and a few members of an inner caucus who were based in the Bahamas. It is an initiative that started long before he joined FTX for a seventeen-months stint as an executive.

Harrison shared details about his time at FTX US, and why he left the company after working with them for only seventeen months. In a 49-part Twitter thread, he gave insight into how he joined FTX, his relationship with SBF, and the actual reason behind his leaving the company. Harrison exonerated himself from the now-public fraudulent activities for which SBF and other members of his executive are facing trial.

According to Harrison, his early days at FTX were full of optimism. He worked independently and helped the company to foster a professional environment prepared for regulated business. He did this while growing the team back in the U.S., away from SBF who was in the Bahamas.

Their relationship deteriorated when SBF became overbearing and intolerant of conflicting opinions. He noticed signs of insecurity and intransigence on the part of SBF whenever his decisions were questioned. This volatility in SBF’s temperament led Harrison to suspect that he might have suffered a form of addiction or mental health issue.

Harrison claimed ignorance of underlying issues in FTX that precipitated the ensuing conflict between them. Things deteriorated to the point that he was isolated from key decision-making processes in the company. Managerial responsibility became restricted to SBF and his Bahamas-based executives.

Unable to continue, Harrison made a formal complaint in April 2022, threatening to resign his position. That action was met with a threat to retract the complaint and issue an already-written apology. For him, that was the end point of his relationship with FTX. However, he managed his exit in a way not to harm the company and his FTX US reports.

Harrison expressed shock over the now-public information on fraudulent activities in FTX. In hindsight, he believes that the team in the Bahamas worked together as a syndicate to perpetrate nefarious activities. He exempted himself and the team at FTX US from any knowledge of the process orchestrated by SBF and his inner circle at FTX.com and Alameda.

The post Ex-FTX US President Brett Harrison Denies Involvement in Scandal appeared first on Coin Edition.

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05-06-2023 08:02:43 (UTC+7)

EUR/USD

1.0698

-0.0012 (-0.11%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (2)

EUR/USD

1.0698

-0.0012 (-0.11%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (2)

GBP/USD

1.2435

-0.0022 (-0.18%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

USD/JPY

140.09

+0.10 (+0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

AUD/USD

0.6600

-0.0018 (-0.27%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

USD/CAD

1.3430

+0.0006 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

EUR/JPY

149.86

-0.07 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

0.9733

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (5)

Gold Futures

1,962.55

-7.05 (-0.36%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Silver Futures

23.615

-0.132 (-0.56%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Copper Futures

3.7175

-0.0135 (-0.36%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Crude Oil WTI Futures

72.39

+0.65 (+0.91%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

Brent Oil Futures

76.80

+0.40 (+0.52%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (5)

Natural Gas Futures

2.200

+0.023 (+1.06%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

US Coffee C Futures

180.60

-2.45 (-1.34%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

Euro Stoxx 50

4,323.52

+65.91 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

S&P 500

4,282.37

+61.35 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

DAX

16,051.23

+197.57 (+1.25%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,607.28

+117.01 (+1.56%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

Hang Seng

18,949.94

+733.03 (+4.02%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

1,830.91

+62.97 (+3.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

IBEX 35

9,317.30

+149.80 (+1.63%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

BASF SE NA O.N.

46.790

+1.940 (+4.33%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Bayer AG NA

52.61

+0.71 (+1.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Allianz SE VNA O.N.

210.15

+5.95 (+2.91%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

Adidas AG

159.52

+8.78 (+5.82%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

Deutsche Lufthansa AG

9.303

+0.146 (+1.59%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (3)

Siemens AG Class N

159.28

+2.60 (+1.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Bank AG

9.862

+0.284 (+2.97%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (9)

 EUR/USD1.0698↑ Buy
 GBP/USD1.2435↑ Buy
 USD/JPY140.09↑ Sell
 AUD/USD0.6600↑ Buy
 USD/CAD1.3430↑ Buy
 EUR/JPY149.86↑ Sell
 EUR/CHF0.9733↑ Sell
 Gold1,962.55Buy
 Silver23.615↑ Sell
 Copper3.7175↑ Sell
 Crude Oil WTI72.39↑ Sell
 Brent Oil76.80↑ Sell
 Natural Gas2.200↑ Sell
 US Coffee C180.60↑ Sell
 Euro Stoxx 504,323.52↑ Buy
 S&P 5004,282.37↑ Sell
 DAX16,051.23↑ Sell
 FTSE 1007,607.28Sell
 Hang Seng18,949.94↑ Buy
 Small Cap 20001,830.91↑ Buy
 IBEX 359,317.30Buy
 BASF46.790↑ Sell
 Bayer52.61↑ Buy
 Allianz210.15Sell
 Adidas159.52Buy
 Lufthansa9.303Buy
 Siemens AG159.28↑ Buy
 Deutsche Bank AG9.862Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,680/ 6,680
(-970/ -10) # 1,051
SJC HCM6,635/ 6,705
(0/ 0) # 1,076
SJC Hanoi6,635/ 6,707
(0/ 0) # 1,078
SJC Danang6,635/ 6,707
(0/ 0) # 1,078
SJC Nhatrang6,635/ 6,707
(0/ 0) # 1,078
SJC Cantho6,635/ 6,707
(0/ 0) # 1,078
Cập nhật 05-06-2023 08:02:45
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ↀ Giá vàng thế giới
$1,946.29-1.95-0.10%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V22.79023.240
RON 95-III22.01022.450
E5 RON 92-II20.87021.280
DO 0.05S17.94018.290
DO 0,001S-V18.80019.170
Dầu hỏa 2-K17.77018.120
ↂ Giá dầu thô thế giới
WTI$72.73-7.79-0.10%
Brent$77.08-7.56-0.09%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.280,0023.650,00
EUR24.613,3825.991,59
GBP28.653,4729.875,26
JPY164,43174,07
KRW15,4818,86
Cập nhật lúc 07:59:01 05/06/2023
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