Brett Harrison, a former president of FTX US, recently provided specifics of his time spent collaborating closely with the disgraced former CEO of FTX, Sam Bankman-Fried (SBF). In a string of 49 tweet storm (1), Harrison said the following, in which he described SBF as emotionally explosive, among other things:
"After months of disagreements over the management practices at FTX, my relationship with Sam Bankman-Fried & his subordinates had reached an all-time low and was in the process of being completely severed."
In addition, the former President of FTX in the United States stated that SBF responded forcefully to criticism while avoiding conflict. In addition, the disgraced former chief executive officer of FTX insulted his personnel and threatened to terminate anyone who suggested reorganizing the company's management structure in the United States.
Harrison claims that by the sixth month of his employment with the company, "pronounced cracks" had begun to appear in his connection with Bankman-Fried. In addition, the former President of the United States of FTX noted that he first started advocating for independence about this same time.
SBF disagreed with Harrison's position, which was to have separate and independent management, legal, & developer teams for FTX US. Harrison's position was actively advocated for. Harrison pointed that that
"During that early battle, I was able to observe his entire insecurity, his intransigence when his choices were called into question, his hatefulness, and the instability of his temperament. I suddenly understood that he wasn't the person I had recalled."
The previous President of FTX US also indicated that Bankman-Fried regularly acted as if Harrison's team's overall business competence did not exist, according to the former President of FTX US. The SBF's position also led Harrison to be cut off from contact regarding crucial decision-making, further frustrating the former President of FTX in the United States.
According to him, SBF threatened to damage his professional reputation if he continued to challenge the formerly FTX chief executive. This was stated in the context of a confrontation between the two parties.
SBF Did not Run FTX US?
Harrison also mentioned that it seemed like SBF was only seldom involved in the company in the United States. Instead, the ousted former CEO of FTX US made choices arbitrarily affecting the company while he was in the Bahamas.
Harrison does not know what caused the "dramatic change," but he remembers SBF as a "sensitive and intellectually curious person" upon first meeting him. On the other hand, the previous head of FTX US had a hunch that mental health problems contributed to this incident.
Harrison desperately attempted to fix the organizational problems that FTX US was having with SBF after the further conflict in the workplace continued for another five months.
He claims that he submitted an official complaint to the company's top brass, outlining the most critical challenges to the company's performance. Harrison also disclosed to SBF and his immediate management group that he would retire if these concerns were not addressed.
FTX's management, on the other hand, made an additional attempt to intimidate Harrison and told him to repudiate his statement that had been issued legally. In addition, SBF and his cohorts insisted that the former President of FTX US send a pre-written apology to the company's current CEO.
The collapse of the FTX and the Departure of Harrison
In the end, Harrison decided to leave the company in late September, even though he had previously referred to it as his "dream job." His resignation occurred approximately five weeks before the catastrophic meltdown of the crypto currency exchange at the beginning of November.
SBF was deported to the United States to face criminal accusations, including the misuse of customer cash, some weeks after FTX's exchange was shut down for good.