# Apparently, FTX US and FTX are very, very distant.

**Published by:** [Durwin](https://paragraph.com/@durwin/)
**Published on:** 2023-04-04
**URL:** https://paragraph.com/@durwin/apparently-ftx-us-and-ftx-are-very-very-distant

## Content

Apparently, SBF was doing a ton of shady stuff behind the scenes, hiding his dirty deeds even from the CEO of FTX US.We are in the thick of crypto winter. Just when you thought everybody has packed up and gone home to hibernate and no one will be able to raise a cent, someone actually just raised web3 money. It’s akin to spotting a Golden Phoenix while walking the Sahara desert. “Brett Harrison, the former president of FTX.US, has raised $5 million for a new crypto startup called Architect that will build trading software tailored toward large investors and institutions” Potatoes gonna potate and builders gonna build during the bear market. Good market or bad market, hustlers will hustle and you can do what everyone thinks is difficult, and sometimes, even the impossible. That is what is proven right here. Sure, being the ex-President of FTX US definitely helps his street cred. But not much too. Brett Harrison was embroiled in the whole FTX saga too when it sank like a Titanic. It dragged everything and everyone down with it.Apparently, Brett suffered reputational damage too. He was having an extra hard time convincing investors that he had nothing to do with the scams FTX was pulling off. He resigned from FTX months before it blew up. Sources say that he was incredibly frustrated with the FTX upper management and senior leadership, AKA Sam Bankman-Fried (SBF). Apparently, Brett claims that SBF was very unwilling to share information with the US team, very uncooperative and was extremely difficult to work with. “It’s clear from what has been made public that the scheme was held closely by Sam and his inner circle at FTX. com and Alameda, which I was not a part of, nor were other executives at FTX.US,” Harrison wrote. “I understand now why they carefully concealed their criminal activity from us. We have extensive professional networks, our own lines of communication with US regulators and our own authority to speak to US media.”Is it possible for the CEO of FTX US to not know what was going on in the FTX parent company?It may check out. Because now we all know SBF was hiding all the accounting and did not want anyone else to see the mess he created. Brett and the entire FTX US team might have been deliberately kept in the dark all along. Apparently, FTX US and FTX are very, very far apart and function very independently. Although some say that his resignation indicated that he might actually have known all about the criminal activities beforehand. Brett actually did a mega tweetstorm to debunk the notion that he knew what evil chicanery SBF was orchestrating at FTX.The county owns the arena and negotiated what was to be a 19-year, $135 million naming rights deal with FTX. Now, it is no longer the case.He openly denied knowing anything material and stated unequivocally that SBF deliberately hid things from the US team. Funnily, some of the people that Brett managed to raised from, who trusted him enough, had direct ties to FTX. FTX actually bought and owned shares in some of the companies that were part of the round that Brett eventually raised. Just how much entanglement and dependencies are there amongst the players in the crypto space? So much drama! Never a dull day in crypto land. - Do you believe FTX US knew nothing about what was happening at FTX? - #startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #ftx #brettharrison #bearmarket #architect #ftxus #sbf

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