FTX US President Brett Harrison Resigns; Will Remain Active In Crypto Industry

FTX US President Brett Harrison has officially stepped down from his position. He will now move into an advisory role at the firm.

Harrison has spent almost a year and a half at FTX US and under his regime, the US-focused exchange has won the auction for the sale of assets belonging to the bankrupt crypto lending platform Voyager Digital.

1/ An announcement: I’m stepping down as President of @FTX_Official. Over the next few months I’ll be transferring my responsibilities and moving into an advisory role at the company.
— Brett Harrison (@BrettHarrison88) September 27, 2022

He was also at the helm when the firm transformed from "three multi-tasking employees to a talented and dedicated team of over 100 across tech, business development, legal, compliance, customer service, and operations."

After spending two years at global market maker Citadel Securities, Harrison joined FTX in May last year. Earlier in his career, he also spent seven years at Jane Street, a quantitative trading firm that provided initial funding for FTX founder and CEO Sam Bankman-Fried.

On Tuesday, the FTX US website showed Harrison as the CEO of FTX US Derivatives but a representative later confirmed that this post was held by Zach Dexter, CNBC reported. The website has now been updated.

The former FTX president confirmed that he will soon share what he plans to do next and until then, he will assist Bankman-Fried and "the team with this transition to ensure FTX ends the year with all its characteristic momentum."

9/ I can’t wait to share more about what I’m doing next. Until then, I’ll be assisting Sam and the team with this transition to ensure FTX ends the year with all its characteristic momentum.
— Brett Harrison (@BrettHarrison88) September 27, 2022

Interestingly, Harrison also implied that he will not leave the crypto industry.

"I'm remaining in the industry with the goal of removing technological barriers to full participation in and maturation of global crypto markets, both centralized and decentralized," he tweeted.