President of FTX U.S Brett Harrison Division Steps Down

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  • Harrison detailed his plans to move into an advising position at FTX US.
  • CEO Alex Mashinsky of Celsius resigned recently.

U.S. division president of cryptocurrency exchange FTX, Brett Harrison, announced his resignation today. Over the next three months, he will be transitioning out of his present position and into an advisory one. In a series of tweets, Harrison detailed his plans to move into an advising position at FTX US over the following several months.

Harrison came to FTX from Citadel Securities in May 2021 with the intention of assisting the company in expanding its footprint in the United States and, eventually, in creating the FTX US division with its headquarters in Chicago. According to Harrison’s tweets, FTX US now employs more than one hundred employees.

Harrison stated:

“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.”

Period of High-profile Departure

The thread claims that Harrison will remain in the crypto sector, however in a different capacity.

Harrison further added:

 “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.”

The resignation of Harrison is the latest high-profile departure from a cryptocurrency company in recent days. CEO Alex Mashinsky of Celsius resigned recently as the company filed for bankruptcy. Kraken’s co-founder and former CEO Jesse Powell resigned last week after he caused a stir by outlining an “anti-woke” agenda for the company.

Meanwhile, MicroStrategy’s co-founder and longstanding CEO Michael Saylor stepped down in August (although he remains with the company as executive chairman), and Genesis, a struggling cryptocurrency broker, lost its chief executive officer, Michael Moro.

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