truth lie free pixabay geralt

FTX Demonstrates Questionable Judgement (Again, and Again)

The FTX bombshells continue to explode. Former FTX US President Brett Harrison unleashed a here-to-fore unseen epic Twitter thread which consisted of FOURTY-NINE (49) parts on January 14th, 2023.

What? Why?!?

His goal, ostensibly, was to tell his side of the story and to plead his innocence. He is overtly attempting to reassure potential investors that his new company does not have the same problems as FTX. He also seeks to downplay his relationship with SBF at every turn.

How it all began

Harrison divulged that he was casually hired over a text message from SBF, despite having “barely stayed in touch over the years.” Early in his tenure as President of FTX US, Harrison saw erratic behavior from SBF, and indirectly (in a very supportive manner) chalks it up to an assumed mental health issue or possible addiction.

Harrison allegedly pushed tirelessly for a change FTX’s overarching business structure, even threatening to resign if these major systems issues were not addressed. His opinions were treated as “irrelevant and valueless.”

How it ended

This repeated second-guessing of decisions engendered a hostile response from SBF himself. Harrison was provided with pre-drafted apology to sign, or else his professional reputation would be “destroyed.”

He did indeed quietly resign from his role as President a mere five weeks prior to the now-infamous massive FTX implosion, though it is unclear whether he signed the apology papers. He left quietly to avoid bringing bad press to the company.

The 49 segments are peppered with obligatory well-wishes. He is “grateful” and “honored” for the appropriate amount of things.

Doth he protest too much?

Yikes. Is he under investigation? Or is he just trying to avoid the investigation? He sort of answers this question, giving two examples of scenarios that people might dream-up that are incorrect.

Add it to the list (of FTX lapses in judgement)

But seriously. Who writes a 49-part Twitter rant to exonerate yourself in the eyes of the public? FTX showed questionable judgement in many things, but hiring someone who would do this needs to be on that list.

These tech execs just looooovve Twitter.

He could have had a ghost-writer do an autobiography full of juicy tidbits intended to knock his boss off his high horse. Wait, that happened this week too.

Verified by MonsterInsights