According to reports, Brett Harrison, the former president of FTX US, intends to establish a start-up that will develop crypto trading software for large investors.
A former high-ranking executive is reportedly looking for investors to start a crypto startup, just a month after the controversial demise of Sam Bankman-Fried’s FTX exchange and 130 associated businesses.
According to The Information, Brett Harrison, the former president of FTX US, is looking for $6 million in funding to start a start-up that will build crypto trading software for big investors. The valuation for Harrison’s next round of funding would be $60 million.
More than a month prior to the infamous demise of FTX, on September 27, Harrison made the announcement that he would be transitioning into an advisory capacity after resigning as president of FTX US.As a result, the businessman was not immediately accused of being directly involved in stealing money from users.
However, Harrison also stated that he was “surprised and saddened” by SBF and his accomplices’ deception after the FTX crash. A hacker successfully gained access to a portion of the exchange’s funds following the crash of FTX and has been actively attempting to divert the stolen funds.
Recently, the FTX hacker was found using Bitcoin BTCtickers down$16,949mixer to transfer some of the stolen funds to OKX.
One of FTX’s 134 affected businesses, FTX Japan has been developing a strategy to return client funds.
As required by Japanese regulations, FTX Japan confirmed on December 1 that the user assets were distinct from the exchange’s assets.
Currently, FTX Japan asserts that its primary objective is to reinstate withdrawals by the end of 2022.