fromTwitter, original author: Brett Harrison

Odaily Translator |

Odaily Translator |

In September last year, FTX US President Brett Harrison announced his resignation on his personal social platform. With the start of the FTX bankruptcy case, he recently posted on social media how he spent that dark time and the irreconcilable relationship with SBF. Contradictory, Odaily compiles the content as follows:

A lot of people have asked me about my time at FTX US and why I left, and I've spoken about these issues earlier this week, and I'm happy to share my experiences and opinions openly here.I worked for FTX US for 17 months, when my resignation was made public, people who didn't know about it were surprised, some people questioned if I was fired, they didn't understand why I was in a dream job There are only so short terms in office. In fact, for me,Working at FTX US is not as "ideal" as the industry and media make it out to be

, and my departure was actually not sudden.

And, as my group of friends, mentors, and investors knew at the time, I had decided that starting my own company wasn't worth being stuck with a so-called "dream job." Therefore, I put aside the disadvantages of reputation, treatment, and risks to my reputation, and decided to leave FTX US.

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Why did you choose to join FTX US?Time goes back to late March 2021, when SBF invited me to join FTX US via text message (this method seems a bit random). SBF is a former colleague of mine at Jane Street and I have fond memories of working with him. However, we have had little contact over the years, but I do occasionally catch some news about FTX. So, when I saw the text message from him, I was happy and interested to explore more about the FTX situation. I know that SBF was a conscientious junior trader at Jane Street where I taught the trader programming course and SBF was my student and did a great job. I recall, at a manager meeting to evaluate SBF's performance,

Many senior traders say he is promising and hopeful. Other than that, SBF also seems to be a sensitive and curious person who cares about animals, which makes me like him a lot.

At that time, with the LedgerX team in place and with plans in place, legal, compliance and operations departments established, and top-notch employees hired, I began building and building a US-regulated retail stock brokerage. The market share of the FTX US spot exchange is also growing, the entire team is dedicated and productive, and customer feedback has been overwhelmingly positive, I cannot be more excited about the future of FTX US.

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Tensions intensify with SBF and Bahamas top brassHowever, from the very beginning, I noticedSBF has little involvement in US business but influences FTX US decisions

. After six months at FTX US, my relationship with SBF began to show visible cracks. Around that time, I began to strongly advocate for the separation and independence of FTX US's executive, legal and development teams from FTX, but SBF disagreed.In that early conflict,I've seen SBF totally insecure when his decisions are questioned but it's hard to compromise with him, sometimes SBF can be very malicious and temperamental

. I realized that SBF was not who I remembered him to be, and I wasn't sure what caused such a drastic change in him. Like many of us, my family and friends may have addictions and mental health issues, and I have seen these manifest without warning in SBF. I thought that might have been a contributing factor, and felt sympathetic at first. But I personally don't know enough about SBF or have any time to think about it, I have a business relationship with him and he makes a lot of decisions about running a business that I don't agree with.

Frankly, there is a lot of pressure to disagree with SBF, but I do it anyway. Back then, and throughout my time at FTX US, SBF's influence on the media, FTX's partners, the venture capital industry, and the traditional finance industry was pervasive and hard-nosed. In any case, people have a hard time putting up with an insecure, cocky manager. Because every day, every major voice in traditional corporate culture and the business environment deafens with a narrative suggesting that if you disagree with your leadership, then you must be wrong.I'm not the only one at FTX US who disagrees with SBF and members of his inner circle. FTX US has experienced professionals from US financial firms, law firms and regulated exchanges. But,

FTX's collective experience and professional acumen are often dismissed as irrelevant and worthless, which is very frustrating for all of us.

Over the next few months, I further advocate for a sound hiring policy, staffing FTX US with experienced senior executives, and hope for transparent communication between SBF and FTX US leadership, including the formalization of Gary Wang and Nishad Singh's software development responsibilities, delegating management responsibility and control to SBF and Bahamian executives, and other important matters.

However, SBF was uncomfortable with the management conflict, he started to give some hostile responses, and finally chose to isolate me from key decision-making layers and not let me participate in communication, which felt really bad. So I wanted information about their decisions behind my back, when I was desperate inside but trying not to show it on the outside. In early April 2022, my eleventh month with FTX US, I made one last attempt to file a formal written complaint about what I believe to be the biggest organizational issue hindering FTX's future success. I wrote that if the problem is not resolved, I will resign.

After that, I started to turn my attention to the future and my own company.

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Parting ways with FTX US

Now, based on information in the public records (from indictments, complaints, guilty pleas, or otherwise), there are many issues with FTX.

At the time, I raised these concerns at the company, and I saw that FTX had management and organizational issues typical of growing startups, and it was my role as an experienced financial services executive to correct them And start the next stage of the company's development and growth.I've seen these issues in other, more established companies in my career, and they're actually not fatal to business success,

But I really didn't expect that behind these problems of FTX is a multi-billion dollar fraud.

It is clear from what has been made public that the implementation of the fraudulent scheme is in the close hands of SBF and his inner circle at FTX.com and Alameda, of which I am not a member, nor are other FTX US executives.

Now, I understand why they are careful to hide their criminal activities from us, because FTX US has an extensive professional network, communication channels with US regulators, and the power to talk to US media. If any of us suspects fraud, we report it immediately.During the 17 months of working at FTX US, my colleagues and I have tried our best to meet customer needs and grow the business down-to-earth, providing consumers with a more equitable access to financial services that are vital to their lives, and more understanding a fact:

Greed and fraud destroy trust and accelerate corruption.

After I left FTX US, and until November 2022, every conversation my new company and I had with VCs ended up circling around the same few questions: "Is FTX investing? SBF agrees with you Do that? Do you mind if we check with him?" But after FTX went bust, the VCs' question became a duck: "We know you're not involved in what SBF and others are doing, but we can't afford The PR risk of associating yourself with FTX, no matter how capable you are or how compelling your ideas are.”

Over the past few months, I’ve conducted a valuable personality study of the crypto industry, and the results have been stark: Some people change overnight, and others are easily sympathetic and supportive.

There is no doubt that working at FTX US has been an unforgettable experience, but I have also found crazy and baseless accusations against me on social media.