Brett Harrison, the former head of FTX US, promised on Sunday night to reveal additional information about the collapsed cryptocurrency exchange’s inner workings and hinted that he may already be cooperating with federal authorities.
In recent weeks, Harrison has maintained a low profile as the disgraced founder of FTX, Sam Bankman-Fried, has been detained and other top executives have begun speaking with investigators about alleged illegal conduct at the company.
A Twitter user asked Harrison on Sunday evening, “What did you know about @FTX Official US and when?”
Harrison responded, “I’ll eventually share.”
When asked why Harrison was not already “in prison,” the former FTX CEO advised them to “use their powers of deduction.”
employ powers of deduction
9 janvier 2023 — Brett Harrison (@BrettHarrison88)
Harrison served as president of FTX’s US branch until September of last year, when he abruptly resigned after less than 18 months on the job. Bloomberg labeled Harrison’s resignation as a “surprise exit” at the time, which raised eyebrows in the bitcoin industry.
Two months after Harrison left, FTX was driven into bankruptcy because Bankman-Fried allegedly perpetrated “one of the largest financial frauds in history,” according to the federal government.
Prior to joining FTX, Harrison worked at Citadel Securities and Jane Street, a quantitative trading firm. Additionally, Bankman-Fried and his ex-lover Caroline Ellison, the former CEO of the defunct bitcoin hedge firm Alameda Research, are Jane Street alumni.
Bankman-Fried pleaded not guilty to eight federal counts connected to the collapse of FTX earlier this month. Prosecutors believe that he and other FTX personnel stole customer funds to sustain a luxury lifestyle, acquire investments, and support dangerous wagers at Alameda.
According to reports, several former FTX officials have already begun working with authorities.
Last month, both Ellison and FTX co-founder Gary Wang accepted plea pleas and admitting to fraud. Damian Williams, the United States attorney for Manhattan, stated, “they are both cooperating with the Southern District of New York.”
Ellison expressed “deep regret” for her role in the alleged fraud operation, in which she and Bankman-Fried allegedly channeled FTX customer monies to Alameda, according to a court transcript.
According to reports, another executive, Ryan Salame, alerted officials in the Bahamas, where FTX was headquartered, that client cash were being illegally transferred to “cover financial losses” at Alameda.
Reuters claimed that former FTX chief regulatory officer Dan Friedberg, a lawyer with ties to the historic UltimateBet online poker scam, began working with the federal government in November and provided information on how Bankman-Fried exploited customer funds to “finance his business empire.”
»Former FTX US CEO Brett Harrison has vowed to spill the beans on the crypto tragedy«