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Former FTX US President On Bankman-Fried’s Psychological Well being, Habit: ‘He Wasn’t Who I Remembered’

Former FTX US President Brett Harrison has revealed that his relationship with the trade’s embattled founder Sam Bankman-Fried had reached some extent of complete deterioration. Harrison says that it was not value persevering with working for the corporate irrespective of the status or upside, or the chance it posed to his repute in departing early.

In a press release launched on Twitter on Saturday, Harrison raised considerations about Bankman-Fried’s psychological well being and habit, saying, “Like many people, I’ve household and buddies who reside with habit and psychological well being issues, and I’ve seen how these issues usually manifest with out a lot warning in early maturity. I believed that may be a contributing issue, and initially felt sympathetic.”

Harrison added that he did not know Bankman-Fried effectively sufficient personally or have “any actual time to mirror on the query,” however had knowledgeable relationship with the FTX FTT/USD founder and disagreed with quite a few choices he made about working the enterprise.

Selections From The Bahamas Got here With out Warning

Describing his first few months on the firm as “great”, Harrison mentioned whereas Bankman-Fried was not often engaged in FTX US enterprise, choices impacting FTX US would come, with out warning, from the Bahamas.

He added that issues began to vary six months into his time on the firm.

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Harrison started advocating strongly for establishing separation and independence for the manager, authorized, and developer groups of FTX US, however Bankman-Fried disagreed.

Harrison mentioned, “I noticed in that early battle his complete insecurity and intransigence when his choices have been questioned, his spitefulness, and the volatility of his temperament. I noticed he wasn’t who I remembered.”

Penalties Of Disagreeing With Bankman-Fried

Harrison additionally highlighted the stress that got here with disagreeing with Bankman-Fried.

“Standing as much as an insecure, prideful supervisor is difficult underneath any circumstance. Nevertheless it’s almost unimaginable when day-after-day, each main voice of tradition and commerce deafens you with a story that means in case you disagree together with your supervisor you clearly have to be fallacious,” he mentioned.

He additional famous that he wasn’t the one one at FTX US who disagreed with Bankman-Fried and that FTX US was staffed with skilled professionals from U.S. finance companies, regulation companies, and controlled exchanges.

“Our collective expertise {and professional} acumen have been often handled as if they have been irrelevant and worthless. It was extraordinarily irritating for all of us,” Harrison mentioned.

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