Former FTX US boss Brett Harrison pledged on Sunday night to spill more details concerning the doomed crypto exchange’s inner workings – and hinted he may already be cooperating with the feds.
Harrison has kept a low profile in recent weeks as disgraced FTX founder Sam Bankman-Fried was arrested and other top executives began talking to investigators about alleged illicit activity at the corporate.
“What did you realize about @FTX_Official US and when did you realize it?” a Twitter user asked Harrison on Sunday night.
“I’ll share in time,” Harrison replied.
When one other asked why Harrison why he wasn’t already “in prison,” the previous FTX executive replied that they need to “use powers of inference.”
use powers of inference
— Brett Harrison (@BrettHarrison88) January 9, 2023
The Post has reached out to Harrison for further comment.
Harrison served as president of FTX’s US operation until he abruptly stepped down from the high-ranking post last September after lower than 18 months on the job. On the time, Bloomberg described Harrison’s departure as a “surprise exit” that raised eyebrows inside the cryptocurrency sector.
Two months after Harrison left, FTX was forced out of business after Bankman-Fried allegedly engaged in what the feds have described as “one in every of the largest financial frauds” in history.
Brett Harrison abruptly resigned as FTX US’s president last September.Getty Images for TechCrunch
Prior to joining FTX, Harrison had stints at Citadel Securities and the quantitative trading firm Jane Street. Bankman-Fried and his ex-lover Caroline Ellison, the previous CEO of the shuttered cryptocurrency hedge fund Alameda Research, are also Jane Street alums.
Earlier this month, Bankman-Fried pleaded not guilty to eight federal charges related to FTX’s collapse. Prosecutors allege that he and other FTX executives pilfered customer funds that they used to bankroll a lavish lifestyle, make investments and prop up dangerous bets at Alameda.
Sam Bankman-Fried faces 115 years in prison.REUTERS
Several former FTX executives have already reportedly begun cooperating with investigators.
Each Ellison and FTX co-founder Gary Wang took plea deals and admitted to fraud last month. Manhattan US Attorney Damian Williams said “they’re each cooperating with the Southern District of Recent York.”
Sam Bankman-Fried is accused of bilking FTX customers.AFP via Getty Images
A court transcript revealed that Ellison said she was “truly sorry” for her role within the alleged fraud scheme, wherein she and Bankman-Fried purportedly funneled FTX customer funds to Alameda.
One other executive, Ryan Salame, reportedly tipped off regulators within the Bahamas, where FTX was based, that customer funds were being illicitly transferred to “cover financial losses” at Alameda.
Former FTX chief regulatory officer Dan Friedberg, an attorney with links to the infamous UltimateBet online poker scandal, began cooperating with the feds back in November and gave them information on how Bankman-Fried used customer funds to “finance his business empire,” Reuters reported.