The implosion of FTX happened less than a month ago, and a former executive of FTX US is already planning to launch a new crypto startup. Brett Harrison, the former president of FTX US, the American arm of FTX, is according to rumours seeking $6 million capital to build trading software.
Valuation of $60 million
In any case, we cannot say that Harrison is a humble entrepreneur. He raises that $ 6 million in investments at a valuation of $ 60 million. That is quite a lot for a company that is not yet established and set up by a former director of a stock exchange platform that committed fraud on a large scale.
Notably, on September 27, Harrison resigned from FTX US as a director and subsequently moved into an advisory role for the company. As a result, Harrison is not directly associated with the fraud case, even though there is a good chance he was involved in the scandal.
Like most here, I was surprised and saddened by today’s news. I very much hope for an outcome that mitigates the impact on all those affected, and I’m grateful to everyone who is stepping up and continuing to build a stronger industry for us all.
— Brett Harrison (@BrettHarrison88) November 8, 2022
However, Harrison wrote on Twitter on November 8 that he is surprised and saddened by the news surrounding FTX. “I hope for an outcome that minimizes the impact on victims and I am grateful to those who are stepping forward to make the industry stronger,” Harrison said at the time.
Harrison and Solana
Looking at his Twitter profile, Harrison seems to be preoccupied with Solana. Just about every post is about the project and the great future ahead. Take, for example, this post from Ellipsis Labs, in which it still calls Solana the best place to build, which was retweeted by Harrison.
1/ Recent events in crypto have highlighted the need for a decentralized and transparent financial system.
Solana is still the best place to build it.
We’re excited to announce Phoenix, the first limit order book DEX that is fully on-chain, non-custodial, and crankless.
— Ellipsis Labs (@ellipsis_labs) November 14, 2022
However, there are few coins that have underperformed Solana this year. The project has measured a decrease of about 92 percent since the beginning of 2022. Solana is currently trading at $13.58, while its all-time high is $260.06. A considerable difference, of which the question is whether it will ever close that gap.
