Brett Harrison’s Bold Move

Just a month after the dramatic collapse of FTX and its cascade of affiliated companies, Brett Harrison, the ex-president of FTX US, is back in the news. This time, he’s not under scrutiny, but rather in search of investors. How’s that for a plot twist?

The New Crypto Startup

Reports indicate that Harrison is on the hunt for $6 million in funding for a new startup aimed at developing crypto trading software specifically designed for big investors. Talk about ambitious! His funding round is reportedly pegged at a valuation of $60 million.

Timing is Everything

Harrison announced his decision to step down from his position at FTX US on September 27—well ahead of the infamous catastrophe that followed. Lucky break or savvy strategy? While many former FTX executives are facing scrutiny, Harrison somehow managed to stay relatively clean, at least for now.

Reflections and Revelations

In the wake of the FTX debacle, Harrison shared his feelings on social media, expressing shock at the extent of deception orchestrated by Sam Bankman-Fried and his associates. It’s must be tough to witness your former workplace go down in flames while you’re left to pick up the pieces.

FTX’s Unfortunate Fallout

After the crash, a hacker took the opportunity to access a portion of the funds from FTX, further complicating the recovery process. It seems the drama doesn’t end there; the hacker has even been transferring stolen assets using a Bitcoin mixer. The saga continues, folks!

FTX Japan’s Recovery Efforts

On a slightly brighter note, amidst all the chaos, FTX Japan is drafting plans to return clients’ funds. They claim that user assets were never mixed with the exchange’s funds under Japanese regulations, which is good news for their users. Their aim is to re-enable withdrawals possibly by the end of 2022.