The ex-president of FTX US, Brett Harrison, is reportedly planning to launch a start-up that would build crypto trading software for big investors. 3857 Total views 64 Total shares Listen to article 0:00 News Own this piece of crypto history Collect this article as NFT Just a month after the controversial fall of Sam Bankman-Frieds FTX exchange and 130 affiliated companies, a former high-ranking executive is reportedly seeking out investors to launch a crypto startup.

The ex-president of FTX US, Brett Harrison, is on the lookout for $6 million in funding to launch a start-up that would build crypto trading software for big investors, according to The Information. Harrisons funding round would be against a $60 million valuation.

On Sept. 27, Harrison announced his plans to step down as the president of FTX US as he moved into an advisory role over a month before the infamous fall of FTX. As a result, the entrepreneur was not immediately accused of having direct involvement in misappropriating users funds.

Like most here, I was surprised and saddened by todays news. I very much hope for an outcome that mitigates the impact on all those affected, and Im grateful to everyone who is stepping up and continuing to build a stronger industry for us all. Brett Harrison (@BrettHarrison88) November 8, 2022

However, after the FTX crash, Harrison, too, claimed to be surprised and saddened by what SBF and his accomplices were able to achieve through deception. Following FTXs crash, a hacker managed to gain access to a part of the the exhanges funds and has been actively trying to syphon the stolen funds.

Most recently, the FTX hacker was found transfering a portion of stolen funds to OKX after using Bitcoin (BTC) mixer.

Related: FTX Japan drafts plan to return client funds

FTX Japan, one of 134 companies caught up in FTXs bankruptcy proceedings but has been drafting a plan to return client funds.

On Dec. 1, FTX Japan confirmed that the user assets were seperate from the exchanges assets, as mandated by Japanese regulations.

Currently, FTX Japan claims its primary focus is to re-enable withdrawals and is reportedly aiming to do so by the end of 2022. #Business #Funding #Startups #Investments #Adoption #FTX Related News How do you assess the value of an NFT? Never mind FTX Fine arts institutions should still onboard to blockchain Sequoia Capital marks down entire $214M FTX stake to zero Cathie Woods ARK adds $12.1M in Coinbase shares amid turbulent markets Binance CEO CZ on FTX crash: Weve been set back a few years