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Seeking Alpha 2022-12-02 22:52:18

Ex-FTX US exec Brett Harrison is said to seek funds for new crypto startup

Brett Harrison, the former president of the now-bankrupt cryptocurrency exchange FTX's U.S. arm, is in talks with investors to raise capital for a new crypto startup, The Information reported Friday, citing two people familiar with the matter. The ex-FTX US head told at least one venture capital firm that he is attempting to raise $6M at a $60M valuation, though those details are tentative, according to the report. The startup was said to be focused on crypto trading software for big-money investors. Harrison served as FTX US president until end-September, he announced via Twitter, about two months before FTX and its over 130 affiliates, including FTX US, filed for bankruptcy protection. Harrison did not immediately respond to Seeking Alpha's request for comment. At the onset of FTX's implosion, FTX US reportedly halted withdrawals with millions of dollars in hot wallets .

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