Brett Harrison, U.S. chairman of the crypto exchange FTX, blazoned his abdication on Twitter Tuesday

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Crypto exchange FTX is replacing its US President

Brett Harrison, the U.S. chairman of the crypto exchange FTX, blazoned his abdication on Tuesday, with the company in the midst of a massive expansion trouble. 

 

Harrison said on Twitter that he'll be moving into an premonitory part at the company and said he plans to remain in the assiduity. 

 

" I've deep gratefulness for my gests at FTX in the last time and a half," he wrote in a tweet. 

Harrison joined FTX, whose parent company is grounded in the Bahamas, in May 2021 after spending close to two times at Citadel Securities. before in his career, he spent over seven times at Jane Street, the quantitative trading establishment where FTX author and CEO Sam Bankman- Fried got his launch in finance. 

 

 As of early Tuesday, Harrison was listed as CEO of FTX US Derivates on the company's website. still, a company representative reached out to say that job is held by Zach Dexter. The website has ago been streamlined to show Dexter with that part. 

Harrison concluded his Twitter thread by saying that he" can't stay to partake" what he will be doing next and, in the meantime," I will be aiding Sam and the platoon with this transition to insure FTX ends the time with all its characteristic instigation." 

 

 FTX, which was valued at$ 32 billion in a backing round before this time, is in addresses with investors to raise up to$ 1 billion at a roughly flat valuation, CNBC reported last week, citing sources familiar with the matter. The company has been working to expand in the U.S., publicizing Monday that it's set to buy Voyager Digital's means billion for$1.4 billion after winning a ruin transaction. 

In addition to Voyager Digital, FTX has been seeking out worried crypto means in the U.S. as it tries to expand its request share during the so- called crypto downtime. In July, FTX inked a deal that gives it the option to buy lender Block Fi. 

 

 FTX entered a check- and- desist warning from the Federal Deposit Insurance Corporation in August, instructing the company to stop" misleading" consumers about the insurance status of their finances. 

" We really did not mean to mislead anyone, and we did not suggest that FTX US itself, or that crypto/non-fiat means, benefit from FDIC insurance," Harrison wrote on Twitter at the time.