Brett Harrison resigns as president of FTX US
On Tuesday, September 27, the president of FTX US, Brett Harrison, announced his resignation.
1/ An announcement: I’m stepping down as President of @FTX_Official. Over the next few months I’ll be transferring my responsibilities and moving into an advisory role at the company.
— Brett Harrison (@BrettHarrison88) September 27, 2022
“Over the next few months I will hand over my duties and move into an advisory role at the company,” Harrison said.
The top executive joined FTX US in May 2021, after moving from Citadel Securities, the market-maker subsidiary of the hedge fund Citadel.
According to him, during that period the staff of the Chicago-based exchange exceeded 100 employees, LedgerX and Embed were acquired, and steps were taken toward shaping cryptocurrency policy in the United States.
4/ writing a retail equities trading platform and building a US brokerage; acquiring LedgerX and Embed; getting to know and work with regulators and lawmakers; participating in shaping crypto policy in the US; and many more.
— Brett Harrison (@BrettHarrison88) September 27, 2022
FTX CEO Sam Bankman-Fried confirmed Harrison’s transition to an advisory role and announced that the US office would relocate to Miami. Mayor Francis Suarez welcomed the exchange’s decision.
Very honored to have your new US headquarters moving to the MIA. @FTX_Official is one of the most innovative companies on the planet and you @SBF_FTX are one of the most innovative technologists. Welcome HOME! https://t.co/YPiz9RS63G
— Mayor Francis Suarez (@FrancisSuarez) September 27, 2022
The Block reported that the position would be filled by Zach Dexter. He had led LedgerX, and after its acquisition by FTX US headed the platform’s derivatives division. The company has not commented on the information yet.
The US arm of the exchange won the auction to sell the assets of the bankrupt lender Voyager Digital, offering about $1.4 billion.
Earlier it was reported that FTX would raise $1 billion and confirm the valuation of the previous funding round at $32 billion.
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