Brett Harrison to Step Down as US President of FTX and Move to an Advisory Role

The future former president said he will continue to help CEO and founder Sam Bankman-Fried "to ensure FTX completes the year with all its characteristic momentum."

President of FTX US cryptocurrency exchange Brett Harrison has announced that he will transition to an advisory role in the coming months.

In a Sept. 27 announcement on Twitter, Harrison said he would step down as U.S. chairman of FTX, but would stay with the exchange "in an effort to remove technological barriers to full participation and the maturing of the global crypto markets, both centralized and decentralized.Harrison has served as President of FTX US since May 2021, having worked at Citadel Securities.

"I can't wait to share more information on what I'm doing next," Harrison said. "In the meantime, I will be assisting Sam [Bankman-Fried] and the team with this transition to ensure FTX ends the year with all of its signature momentum."

1/ Announcement: I am leaving the chair of @FTX_Official. Over the next few months, I will transition my responsibilities and move into an advisory role within the company.

Related: Regulators Have Weak Case Against FTX on Deposit Insurance

Harrison's announcement was the latest high profile resignation in the crypto space. Alex Mashinsky said on September 27 that he would step down as CEO of Celsius