Brett Harrison, a former president of FTX in the United States, has announced the launch of his new cryptocurrency firm, Architect, on Twitter.
The startup has received $5 million in seed funding from prominent investors.
This is what Harrison elucidated:
“Architect will build institutional-grade trading technology that streamlines crypto market structure, making it easier and safer for firms and large traders to access decentralized protocols and centralized exchanges alike.”
The investors include Anthony Scaramucci, creator of Skybridge Capital, Shari Glazer, and the VC firms Motivate Venture Capital, SALT Fund, SV Angel, P2P Validator, Third King Venture Capital, and others. The new cryptocurrency business also received funding from Circle Ventures and Coinbase Ventures.
FTX U.S. Employee Left Due To Conflict With Co-Founder
Because of his tense working relationship with FTX co-founder Sam Bankman-Fried (SBF) and SBF’s subordinates, Harrison resigned in September 2022. Just before he left, he indicated that things between him and SBF “had reached a point of utter degradation.”
Recently, the former president of FTX U.S. spoke out about his time working with current CEO Sam Bankman-Fried. Harrison posted a lengthy Twitter thread explaining why he was leaving his “dream job” after only 17 months.
Harrison claims that he left due to a number of factors. Even when representing SBF on FTX, he was the target of threats.
Sam Bankman-Fried and the former FTX U.S. President’s relationship had deteriorated over time owing to differences in opinion on how the company should be run.
Even though working for FTX U.S. had its perks, Harrison was so set on going into business for himself that he had to leave.