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The former president of FTX US dishes the dirt on his falling out with former Jane Street colleague Sam Bankman-Fried and predicts the spot Bitcoin ETF will far outshine the record-breaking success of the Bitcoin Futures ETF.

Who is this guy anyway?

The ex-president of FTX US, Brett Harrison, tells Magazine that he didn’t say a single word to Sam Bankman-Fried during the two-month notice period after he resigned, which was only months before the whole exchange blew up. Even getting a message to SBF to say he was resigning in the first place was hard work.

“I had to talk to other people in the company to formally resign. I wrote one text to Sam and I got back a single heart emoji. That was the last I heard from him,” Harrison declares.

Harrison and Bankman-Fried had been colleagues years earlier at quantitative trading firm Jane Street, where Harrison saw his potential while teaching SBF in a course on programming for traders. But things went south real quick between them at FTX.

Harrison claims it was due to Bankman-Fried’s inflated ego and his reluctance to accept any feedback or advice.

“Sam hated criticism and, as a result, refused to communicate with me. It drove my decision to quit even further,” he says.

Yet, Harrison says he had no clue of the storm about to engulf the company with FTX declaring bankruptcy only a few months after he bailed from the U.S. arm of exchange.

“The rest of us, especially in the U.S., were blindsighted. We were working with regulators, top lawyers, and to have the whole organization fail because of one person’s greed, will stay with us for the rest of our life.”

However, he feels justice was done in the recent fraud trial against his former boss.

“I do feel the result was absolutely just, and I’m glad that justice was served quickly; I think it was essential that Sam was held accountable for his actions,” he declares.

Meanwhile, Harrison wasted no time diving into a new project.

He co-founded Architect.xyz, a DeFi platform that focuses on bridging all the different opportunities in the digital asset space for both institutional and retail investors.

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Harrison is a bit of a brainiac and has a computer science degree focused on artificial intelligence (AI) from Harvard University. So, who better to ask about the potential for AI to take over the world?

“I do not think AI is a threat to humanity,” he declares, pointing out that AI has been in development for much longer than people think:

“Lots of people are now seeing AI for the first time, they don’t appreciate the decades of progress that has gone into it.”

Harrison is more concerned about humans using AI to pull off scams and swipe identities more effortlessly.

“It truly is just linear algebra,” he says. “The idea that linear algebra is some existential threat to our survival just feels somewhat fanciful to people who have been practitioners in the field for a long time.”

What led to Twitter Fame?

Harrison is a smart guy who drops interesting stuff on social media that people seem to dig.

But let’s not dance around the fact that the FTX connection is what blew up his follower numbers, with his count hitting its highest weekly peak when FTX took a nosedive in November 2022, when he gained 2,140 followers, according to data from Social Blade.

Back in January, his long rant about his departure from X got nearly 3 million eyeballs. He said he wasn’t canned from the FTX gig; it just wasn’t his dream job, and SBF was an “insecure, prideful manager.”

Content people can expect

If you scroll through Harrison’s timeline over the years, you’ll notice his glam lifestyle has toned down considerably since the FTX days. 

Back then, he was often seen hanging out with celebs and former prime ministers.

Nowadays, it’s way more low-key. Besides throwing in some market talk, Harrison’s been sharing snippets about his family life lately. 

He’s even flexing about saving toys from the FTX US office that somehow dodged the whole bankruptcy drama.

What type of content does he like?

Harrison loves the blend of genius and goofiness on Crypto X — getting a daily fix of humor and high intellect.

“One of the things I love about Crypto Twitter  is the perfect mix of highly intellectual cerebral, either Market structure or political commentary, and degenerate memes.”

However, when we asked about the accounts he’s into, he’s not that forthcoming. 

After doing some light digging, it turns out he’s following 2,100 accounts, and guess who’s in the mix? None other than Bankman-Fried’s pal Tiffany Fong.

Bitcoin predictions?

Harrison used to avoid making predictions, saying he’d never have predicted the events that happened to him. But that was when things were going too smoothly, and that’s all changed. 

Harrison declares there is a very “high probability” that a spot Bitcoin ETF will get approved in the first quarter of 2024.

As for price predictions? Harrison isn’t tossing out any six-figure numbers right away.

“In Q1 assuming there is an ETF that’s approved. I think something in the $50,000 to $55,000 range feels pretty probable,” he states.

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He doesn’t see Bitcoin hitting six figures until “toward the end of 2024 or early 2025 at the earliest.”

He points to the first day of Bitcoin Futures ETF as just a little hint of how optimistic he is about the spot Bitcoin ETF:

“If you remember the day when a Bitcoin Futures ETF was listed the inflows were some of the highest ever seen in the history of ETFs. I think we’re going to see even more records broken for a spot Bitcoin ETF.”

Ciaran Lyons

Ciaran Lyons is an Australian crypto journalist. He’s also a standup comedian and has been a radio and TV presenter on Triple J, SBS and The Project.

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PM backs call for MP investigation into Prince Andrew’s housing arrangement

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PM backs call for MP investigation into Prince Andrew's housing arrangement

Sir Keir Starmer has backed a call for a Commons investigation into Prince Andrew’s housing arrangement.

The King’s brother is still living in the Royal Lodge, a 30-room Windsor mansion owned by the Crown Estate, despite relinquishing his Duke of York title last week.

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It has emerged he only pays a “peppercorn rent” on the property – a legal term used in leases to show that rent technically exists, so the lease is valid, but it’s nominal – often £1 a year or even nothing at all.

Liberal Democrat leader Sir Ed Davey has called for a select committee inquiry into the Crown Estate, in which Prince Andrew would be called to give evidence.

Speaking in Prime Minister’s Questions, Sir Ed said: “Given the revelations about Royal Lodge, does the prime minister agree that this House needs to properly scrutinise the Crown Estate to ensure taxpayers’ interests are protected.

“The chancellor herself has said that the current arrangements are wrong.

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“So will the prime minister support a select committee inquiry, so all those involved can be called for evidence, including the current occupant?”

Responding, Prime Minister Sir Keir Starmer said: “It’s important in relation to all Crown properties that there is proper scrutiny, and I certainly support that.”

A document from the Crown Estate, which oversees the Royal Family’s land and property holdings, shows Andrew signed a 75-year lease on the Royal Lodge in 2003.

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Prince Andrew faces renewed scrutiny over his royal title and taxpayer-funded residence at Royal Lodge.

It reveals he paid £1m for the lease and that since then he has paid “one peppercorn” of rent “if demanded” per year.

Andrew was also required to pay a further £7.5m for refurbishments completed in 2005, according to a report by the National Audit Office.

The agreement also contains a clause that states the Crown Estate would have to pay Andrew around £558,000 if he gave up the lease.

The royal is under pressure to do just that amid continued scrutiny over his relationship with paedophile financier Jeffrey Epstein.

There has also been fresh focus on his sex accuser Virginia Giuffre’s allegations, which Andrew denies, after the publication of her posthumous memoirs.

Senior Tory Robert Jenrick said it was “about time Prince Andrew took himself off to live in private” as “the public are sick of him”.

Asked about his living arrangement on Tuesday, Chancellor Rachel Reeves told the BBC: “I do think people should pay their way and pay their fair share.”

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‘Man deported under ‘one in, one out’ scheme returns to UK in small boat

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'Man deported under 'one in, one out' scheme returns to UK in small boat

A migrant who was deported back to France under the government’s flagship “one in, one out” scheme has returned to the UK on a small boat.

The Iranian national was initially detained when he entered the UK on a small boat on 6 August. He was removed under the government’s deal with France on 19 September, and he returned on 18 October.

He has been detained once again, and Sky News understands that the government is set to expedite his removal back to France.

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The news comes as Sky News learns that more migrants have crossed the Channel on a small boat in 2025 so far than the entirety of 2024.

The “one in, one out” treaty with France allows the UK to return anyone who arrives in the UK on a small boat back to France, in exchange for France sending to the UK the same number of people who have never previously tried to enter illegally.

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What is the UK-France migrant returns deal?

The man told The Guardian newspaper that he had been a victim of modern slavery at the hands of people smugglers in northern France.

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“If I had felt that France was safe for me I would never have returned to the UK,” he claimed.

“When we were returned to France we were taken to a shelter in Paris. I didn’t dare to go out because I was afraid for my life. The smugglers are very dangerous. They always carry weapons and knives. I fell into the trap of a human trafficking network in the forests of France before I crossed to the UK from France the first time.

“They took me like a worthless object, forced me to work, abused me, and threatened me with a gun and told me I would be killed if I made the slightest protest. Every day and every night, I was filled with terror and stress. Every day I live in fear and anxiety, every loud noise, every shadow, every strange face scares me.

“When I reached UK the first time and Home Office asked what had happened to me I was crying and couldn’t speak about this because of shame.”

The UK government’s position is that France is a safe country.

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PM and Macron agree migrant deal

‘Rwanda is further than France’

The aim of the agreement with France is to create a disincentive for migrants to make the dangerous crossing across the Channel. But Downing Street repeatedly refused to describe the scheme as a “deterrent” this afternoon, insisting that the scheme is among a number of measures the government is taking to stop small boat crossings.

A Home Office spokesperson said in a statement: “We will not accept any abuse of our borders, and we will do everything in our power to remove those without the legal right to be here.

“Individuals who are returned under the pilot and subsequently attempt to re-enter the UK illegally will be removed.”

Former Tory home secretary James Cleverly quipped on social media that “Rwanda is a lot further away than France”, arguing that had their embattled scheme got off the ground, it would have been harder for migrants to make the return journey.

The prime minister is hosting Western Balkans leaders on Wednesday as the government tries to crack down on people smuggling and illegal migration.

But despite various government efforts, Sky News understands that more migrants have crossed the English Channel in small boats so far this year than in the whole of 2024, Sky News understands

While the exact number of people who have made the crossing today is not set to be published until tomorrow, Home Office sources have confirmed that more than 36,816 people – the total for 2024 – have now crossed the Channel so far in 2025.

Home Secretary Shabana Mahmood said in a statement: “The previous government left our borders in crisis, and we are still living with the consequences. These figures are shameful – the British people deserve better.

“This government is taking action. We have detained and removed more than 35,000 who were here illegally. Our historic deal with the French means those who arrive on small boats are now being sent back.

“But it is clear we must go further and faster – removing more of those here illegally, and stopping migrants from making small boat crossings in the first place.

“And I have been clear: I will do whatever it takes to restore order to our border.”

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UK cracks down: Hundreds of crypto exchanges hit with FCA warnings in Oct.

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UK cracks down: Hundreds of crypto exchanges hit with FCA warnings in Oct.

UK cracks down: Hundreds of crypto exchanges hit with FCA warnings in Oct.

The Financial Conduct Authority renewed its warnings advising residents of the United Kingdom not to use unregistered crypto exchanges.

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