Brett Harrison Denies Involvement in FTX Scandal

Brett Harrison's Departure from FTX

Brett Harrison, the former president of FTX US, has addressed rumors concerning his involvement in the alleged fraud linked to Sam Bankman-Fried (SBF) and FTX. Harrison clarified that the fraudulent activities were orchestrated by SBF and a select group in the Bahamas, predating his tenure at the company.

Experiences at FTX US

During his seventeen-month tenure, Harrison aimed to create a professional, regulated environment within FTX US, while SBF operated from the Bahamas. Initially positive, Harrison's experience soured due to SBF's increasingly overbearing nature and intolerance for dissent. This change in dynamics led Harrison to suspect potential addiction or mental health issues affecting SBF.

Isolation from Decision-Making

Harrison found himself excluded from critical decision-making processes as SBF and his Bahamas-based team tightened control. This exclusion prompted Harrison to formally express his dissatisfaction in April 2022, which was met with threats, marking a turning point in his relationship with the company.

Shock at Publicized Fraud

Harrison expressed surprise at the revelation of fraudulent activities at FTX, emphasizing his ignorance of these actions. He firmly distanced himself and the FTX US team from any involvement, attributing the unethical practices to the Bahamas-based group led by SBF and their operations with FTX.com and Alameda.

Harrison's statements aim to clear his name from the ongoing scandal, highlighting a professional rift with SBF as the primary reason for his departure.