Tag: Brett Harrison

Brett Harrison, the FTX US president and CEO of FTX US Derivates announced his resignation via Twitter shortly after it became known that FTX US won the bid for the assets of bankrupt crypto lender Voyager Digital. Over the next few months, he would transfer his responsibilities and move into an advisory role at the company. Zach Dexter has taken over his role and is already listed on the company's website beside Sam Bankman-Fried.

The crypto exchange FTX, controlled by Sam Bankman-Fried, received a cease-and-desist warning on Friday from the Federal Deposit Insurance Corporation (FDIC), telling the company to stop “misleading” consumers about the insurance status of their funds. The FDIC issued letters to FTX.US, Cryptonews.com, Cryptosec.info, SmartAsset.com, and FDICCrypto.com. Unlike deposits held at U.S. banks, cryptocurrencies stored with brokerages are not protected by the government.