FTX US ex-president reportedly seeks $6M funding to launch crypto startup

Just a period aft the arguable autumn of Sam Bankman-Fried’s FTX speech and 130 affiliated companies, a erstwhile high-ranking enforcement is reportedly seeking retired investors to motorboat a crypto startup.

The ex-president of FTX US, Brett Harrison, is connected the lookout for $6 cardinal successful backing to motorboat a start-up that would physique crypto trading bundle for large investors, according to The Information. Harrison’s backing circular would beryllium against a $60 cardinal valuation.

On Sept. 27, Harrison announced his plans to measurement down arsenic the president of FTX US arsenic helium moved into an advisory relation — implicit a period earlier the infamous autumn of FTX. As a result, the entrepreneur was not instantly accused of having nonstop engagement successful misappropriating users’ funds.

Like astir here, I was amazed and saddened by today’s news. I precise overmuch anticipation for an result that mitigates the interaction connected each those affected, and I’m grateful to everyone who is stepping up and continuing to physique a stronger manufacture for america all.

— Brett Harrison (@BrettHarrison88) November 8, 2022

However, aft the FTX crash, Harrison, too, claimed to beryllium “surprised and saddened” by what SBF and his accomplices were capable to execute done deception. Following FTX’s crash, a hacker managed to summation entree to a portion of the the exhange’s funds and has been actively trying to syphon the stolen funds.

Most recently, the FTX hacker was recovered transfering a information of stolen funds to OKX aft utilizing Bitcoin (BTC) mixer.

Related: FTX Japan drafts program to instrumentality lawsuit funds

FTX Japan, 1 of 134 companies caught up successful FTX’s bankruptcy proceedings but has been drafting a program to instrumentality lawsuit funds.

On Dec. 1, FTX Japan confirmed that the idiosyncratic assets were seperate from the exchange’s assets, arsenic mandated by Japanese regulations.

Currently, FTX Japan claims its superior absorption is to re-enable withdrawals and is reportedly aiming to bash truthful by the extremity of 2022.