FTX US President Brett Harrison Steps Down

Brett Harrison, President of the United States subsidiary of major cryptocurrency exchange FTX, is leaving his leadership position but will act as an advisor for the company.

Nevertheless, the exec will continue to have an advisory role.

• The FTX US boss announced his resignation in a tweet thread on Tuesday (September 27, 2022) after serving as CEO of the company for nearly one and a half years.

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

• While Harrison will no longer head the US division of FTX, the former executive said:

“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 […] Until then, I’ll be assisting Sam and the team with this transition to ensure FTX ends the year with all its characteristic momentum.”

• Meanwhile, the former FTX US chief said he will transfer his responsibilities over the next few months while moving to an advisory role at the company.
• Harrison’s resignation comes on the heels of reports that FTX won the auction to acquire Voyager’s digital assets valued at over $1 billion.
• Notably, there has been a series of top executives stepping down from their positions. Celsius CEO Alex Mashinsky, Kraken co-founder and CEO Jesse Powell, Genesis CEO Michael Moro, and MicroStrategy boss Michael Saylor are the latest to exit the helm in their various firms in recent times.