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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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net_home_top Ai VIF
05-02-2023 02:12:04 (UTC+7)

EUR/USD

1.0795

-0.0115 (-1.05%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

EUR/USD

1.0795

-0.0115 (-1.05%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

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Sell (1)

GBP/USD

1.2054

-0.0169 (-1.39%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

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USD/JPY

131.19

+2.54 (+1.97%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

AUD/USD

0.6923

-0.0153 (-2.16%)

Summary

↑ Sell

Moving Avg:

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Sell (12)

Indicators:

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USD/CAD

1.3399

+0.0084 (+0.63%)

Summary

↑ Sell

Moving Avg:

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Indicators:

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EUR/JPY

141.62

+1.26 (+0.90%)

Summary

Neutral

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EUR/CHF

0.9996

+0.0036 (+0.36%)

Summary

Buy

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Gold Futures

1,877.70

-53.10 (-2.75%)

Summary

↑ Sell

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Indicators:

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Silver Futures

22.390

-1.225 (-5.19%)

Summary

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Copper Futures

4.0312

-0.0598 (-1.46%)

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↑ Sell

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Crude Oil WTI Futures

73.23

-2.65 (-3.49%)

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Brent Oil Futures

79.82

-2.35 (-2.86%)

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Natural Gas Futures

2.385

-0.071 (-2.89%)

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Sell

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US Coffee C Futures

173.63

-4.27 (-2.40%)

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Buy

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Indicators:

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Euro Stoxx 50

4,257.98

+16.86 (+0.40%)

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↑ Buy

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S&P 500

4,136.48

-43.28 (-1.04%)

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↑ Buy

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DAX

15,476.43

-32.76 (-0.21%)

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FTSE 100

7,901.80

+81.64 (+1.04%)

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↑ Buy

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Indicators:

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Hang Seng

21,660.47

-297.89 (-1.36%)

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US Small Cap 2000

1,985.53

-15.69 (-0.78%)

Summary

↑ Sell

Moving Avg:

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IBEX 35

9,225.60

-4.10 (-0.04%)

Summary

Neutral

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Indicators:

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BASF SE NA O.N.

54.040

+0.200 (+0.37%)

Summary

↑ Buy

Moving Avg:

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Bayer AG NA

56.68

-0.12 (-0.21%)

Summary

Neutral

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Allianz SE VNA O.N.

220.75

-0.95 (-0.43%)

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Adidas AG

161.06

+3.14 (+1.99%)

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Deutsche Lufthansa AG

9.902

+0.009 (+0.09%)

Summary

↑ Sell

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Siemens AG Class N

145.02

+1.30 (+0.90%)

Summary

↑ Sell

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Deutsche Bank AG

11.530

+0.074 (+0.65%)

Summary

Buy

Moving Avg:

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 EUR/USD1.0795Buy
 GBP/USD1.2054↑ Buy
 USD/JPY131.19↑ Sell
 AUD/USD0.6923↑ Sell
 USD/CAD1.3399↑ Sell
 EUR/JPY141.62Neutral
 EUR/CHF0.9996Buy
 Gold1,877.70↑ Sell
 Silver22.390↑ Sell
 Copper4.0312↑ Sell
 Crude Oil WTI73.23Buy
 Brent Oil79.82Buy
 Natural Gas2.385Sell
 US Coffee C173.63Buy
 Euro Stoxx 504,257.98↑ Buy
 S&P 5004,136.48↑ Buy
 DAX15,476.43↑ Buy
 FTSE 1007,901.80↑ Buy
 Hang Seng21,660.47↑ Buy
 Small Cap 20001,985.53↑ Sell
 IBEX 359,225.60Neutral
 BASF54.040↑ Buy
 Bayer56.68Neutral
 Allianz220.75↑ Buy
 Adidas161.06↑ Buy
 Lufthansa9.902↑ Sell
 Siemens AG145.02↑ Sell
 Deutsche Bank AG11.530Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,670/ 6,730
(6,670/ 6,730) # 1,290
SJC HCM6,640/ 6,740
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SJC Hanoi6,640/ 6,742
(0/ 0) # 1,435
SJC Danang6,640/ 6,742
(0/ 0) # 1,435
SJC Nhatrang6,640/ 6,742
(0/ 0) # 1,435
SJC Cantho6,640/ 6,742
(0/ 0) # 1,435
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