Former Collapsed FTX.US President Insists Innocent Of Allegedly Gambled Away Customers

Key Points:

• Former Collapsed FTX President says he is a victim and, like the other 1 million creditors lining up in bankruptcy court.
• Harrison also said it was frustrating to be there, as he and other FTX.US executives were left out of many decisions.

According to Bloomberg News, former FTX.US President Brett Harrison insisted that he did not know that former FTX CEO Sam Bankman-Fried (SBF) and his inner circle were suspected of gambling away customers’ funds in the market. 

In fact, Harrison says he is a victim, and like the other 1 million creditors lining up in bankruptcy court, he is also frustrated that he may never get back any of the money he invested in the exchange. He said he bought hundreds of thousands of dollars worth of cryptocurrencies in 2021, but he couldn’t use them. Harrison declined to comment on whether he was assisting investigators but said:

I’m very happy to help and cooperate with the investigation in any way that I can

Additionally, Harrison stated that the controversies never were well resolved during his tenure at FTX.US and that his time at FTX.US was coming to an end without talking to former CEO Sam Bankman-Fried (SBF) much. Harrison also said it was frustrating to be there, as he and other FTX.US executives were left out of many of the decisions made, including the day-to-day operations of the company.

There is also a question regarding how many people were involved in what transpired at FTX, which failed because Alameda Research, Bankman-hedge Fried’s fund, reportedly misappropriated customer funds to cover faulty bets. Bankman-Fried has pleaded not guilty to fraud charges and is awaiting trial.

It’s been less than three months since FTX went bankrupt in what US authorities dubbed one of the largest financial scams in US history, and a former senior executive is anxious to put it all behind him and move on to his next great thing.

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