FTX says that a former US president wants $6 million to start a cryptocurrency company.
Just one month after the controversial fall of Sam Bankman-Fried’s FTX exchange and 130 related companies, a former high-ranking executive is reportedly looking for investors to start a crypto startup.
The information says that Brett Harrison, the former president of FTX US, is looking for $6 million to start a company that will make crypto trading software for big investors. Harrison’s funding round would be based on his company being worth $60 million.
Harrison said on September 27 that he would step down as president of FTX US and take on an advisory role. This was more than a month before FTX’s famous fall. So, the business owner wasn’t immediately accused of taking money from users without their permission.
Related: In a live interview, Sam Bankman-Fried was asked about the fall of FTX.
But after the FTX crash, Harrison also said that he was “surprised and saddened” by what SBF and his partners were able to do by lying. After FTX crashed, a hacker was able to get into some of the exchange’s funds and has been trying to get rid of the stolen money.
Most recently, the FTX hacker was caught using Bitcoin (BTC) to send some of the stolen money to OKX.
Stock prices fell by $16,977.
FTX Japan is one of 134 companies involved in FTX’s bankruptcy, but it has been working on a plan to return customer funds.
As required by Japanese law, FTX Japan confirmed on December 1 that user assets were kept separate from the exchange’s assets.
At the moment, FTX Japan says that re-enabling withdrawals is its top priority, and it hopes to do so by the end of 2022.
