Former FTX US President lashes out at 'insecure' SBF in 49-part Twitter thread rant

1 year ago

Harrison said Bankman-Fried threatened to occurrence him connected the spot and would destruct his nonrecreational estimation if helium continued to face the erstwhile FTX CEO.

Former FTX US President lashes retired  astatine  'insecure' SBF successful  49-part Twitter thread rant

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Former FTX US President Brett Harrison has lashed retired astatine Sam Bankman-Fried for manipulating and threatening colleagues who projected solutions to reorganize FTX US' absorption structure. 

Harrison shared his experiences with Bankman-Fried and FTX US connected Dec. 14, explaining however helium was hired “casually implicit text” successful Mar. 2021 aft moving unneurotic astatine New York-based trading steadfast Jane Street for a fewer years.

But six months into Harrison's tenure astatine FTX US, “cracks began to form” betwixt the two, helium said.

Despite recalling Bankman-Fried to beryllium a “sensitive and intellectually funny person” astatine first, Harrison said helium saw “total insecurity and intransigence” successful Bankman-Fried erstwhile confronted with conflict, peculiarly erstwhile Harrison suggested FTX US found abstracted branches for its executive, developer and ineligible teams.

16/49 I saw successful that aboriginal struggle his full insecurity and intransigence erstwhile his decisions were questioned, his spitefulness, and the volatility of his temperament. I realized helium wasn’t who I remembered.

— Brett Harrison (@BrettHarrison88) January 14, 2023

Harrison added that helium “wasn’t definite what accounted for the melodramatic change” successful Bankman-Fried’s erratic behavior, though helium suspected intelligence wellness issues whitethorn person been a "contributing factor." 

Part of that irrational behaviour Harrison describes included a bid of gaslighting and manipulation tactics Bankman-Fried utilized against himself and different colleagues successful their bid to cleanable up FTX US' firm mess.

Harrison besides recalled his past effort to hole FTX US’ enactment issues with Bankman-Fried, claiming that helium threatened to “destroy my nonrecreational reputation” if a formally apology wasn’t received:

29/49 In response, I was threatened connected Sam’s behalf that I would beryllium fired and that Sam would destruct my nonrecreational reputation. I was instructed to formally retract what I’d written and to present an apology to Sam that had been drafted for me.

— Brett Harrison (@BrettHarrison88) January 14, 2023

Harrison said that lawsuit “solidified” his determination to leave.

Related: FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF

As for the fraud charges present laid against Bankman-Fried and different FTX colleagues, Harrison said helium was blinded by the firm’s alleged commingling and misuse of billions of dollars of lawsuit funds:

“I ne'er could person guessed that underlying these kinds of issues — which I’d seen astatine different much mature firms successful my vocation and believed not to beryllium fatal to concern occurrence — was multi-billion-dollar fraud.”

“If immoderate 1 of america had suspected fto unsocial learned the truth, we would person reported them immediately,” helium added.

Bankman-Fried was granted bail aft posting a $250 cardinal enslaved guarantee and pleading not blameworthy to each 8 transgression charges laid against him connected Jan. 3.

Harrison stepped down arsenic FTX US President connected Sept. 27 — astir 5 weeks before FTX catastrophically collapsed — wherever helium stated that helium moved into an advisory role.

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