Get the scoop on finance - sign up for mobile alerts
Scams, Hacks & Breaches
| On
January 10, 2023

Former FTX.US President Brett Harrison Says He’ll Share His Story on Collapse of Crypto Exchange

By Conor Devitt

Former FTX.US president Brett Harrison says he’ll share what he knows about the disgraced and bankrupt exchange “in time.”

Harrison answered one Twitter user asking what the FTX.US exchange president knew about what was going at FTX.

ADVERTISEMENT

Says Harrison,

“I’ll share in time.” 

Harrison stepped down from his position as president of FTX’s US arm in late September, a little more than a month before FTX and FTX US both suddenly collapsed and filed for bankruptcy.

The former president also recently responded to another Twitter user who asked him why he’s in not in jail. Harrison, who previously worked for Citadel Securities, told the other Twitter user to “use powers of inference.” Harrison hasn’t been accused of any crimes related to FTX.

ADVERTISEMENT

FTX filed for bankruptcy in November after the crypto exchange failed to meet withdrawal requests from its customers. The exchange’s former CEO Sam Bankman-Fried is facing up to 115 years in prison after being accused of defrauding investors and mishandling customer assets.

The U.S. Department of Justice (DOJ) has also seized $456 million worth of shares of the popular trading app Robinhood that were linked to Bankman-Fried.

Prosecutors with the Commercial Litigation branch of the DOJ Civil Division said in a new filing that the seized assets constitute property involved in the violations of money laundering and wire fraud criminal statutes and are not properties of the bankruptcy estate.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney