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Former FTX executive in talks to create cryptocurrency technology startup, says Reuters

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Harrison has told at least one venture capital firm that he intends to raise $6 million and get a $60 million valuation for the startup (Image: Crypto Times)

Brett Harrisonformer president of the US arm of the FTXis trying to raise money to start a new startup cryptocurrenciespublished the website Information this Friday, citing two sources with knowledge of the matter.

Harrison has told at least one venture capital firm that he intends to raise $6 million and get a $60 million valuation for the startup focused on cryptocurrency trading software for big investors, the report added.

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Harrison did not immediately respond to a Reuters request for comment.

The deal comes weeks after FTX filed for creditor protection in the US. United States and its founder, Sam Bankman-Fried, resigned as chief executive.

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The collapse has spread among companies in the sector, hurting the liquidity of other major groups, including cryptocurrency banks BlockFi and Genesis.

Since then, many companies have braced themselves to deal with the resulting drop in the value of digital assets, while investors have lost their appetite for cryptocurrency companies.

Source: Moneytimes

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