Brett Harrison is starting a new venture, reportedly, a software company that will offer algorithmic trading services to crypto investors and provide access to both private and public markets

The former president of FTX is blasting the failed crypto exchange and its founder as he pivots to raising fresh funds for his new venture.

That’s according to a 49-part Twitter thread where Brett Harrison, who served as the failed FTX cryptocurrency exchange’s one-time U.S. head since May 2021, took blistering aim at his former boss, Sam Bankman-Fried, while attempting to distance himself from the disastrous downfall of his former company.

I never could have guessed that underlying these kinds of issues — which I’d seen at other more mature firms in my career and believed not to be fatal to business success — was multi-billion-dollar fraud, Harrison tweeted about the disastrous FTX enterprise collapse, adding that he was ‘shocked’ by Sam Bankman-Fried’s alleged fraud.

While other top FTX lieutenants are pleading guilty to criminal charges and cooperating with authorities in their ongoing investigation into Bankman-Fried, who has been extradited to the U.S. from the Bahamas and remains under house arrest, Harrison is not facing any criminal charges related to his tenure with the company.

Instead, he is starting a new venture, reportedly, a software company that will offer algorithmic trading services to crypto investors and provide access to both private and public markets.

Already the former president of FTX US can count on former backers of FTX for some of his funding, with Skybridge’s Anthony Scaramucci reportedly investing.

Just a few months before imploding, FTX’s venture capital arm acquired a 30% stake in Scaramucci’s firm for an undisclosed amount.

Scaramucci said in a Friday interview with CNBC that he intends to buy back that stake, adding about the situation with his former friend and collaborator, Sam Bankman-Fried, I think it’s very clear now that there was fraud.

FTX was a key sponsor — and Bankman-Fried a well-publicized presence — at Skybridge’s annual SALT conference.

Harrison’s own departure from the top seat at FTX’s U.S.-based operations came six weeks before FTX’s implosion, which unfolded over a matter of days following the revelation that the company had used customer funds to prop up sister firm Alameda Research.

Scaramucci will be using his own money to support Harrison’s unnamed startup.

A proponent of the crypto industry more broadly, Scaramucci told CNBC at a crypto conference in St Moritz, Switzerland, on Sunday that he believes Bitcoin will trade ‘between $50,000 and $100,000’ in two to three years’ time.

You are taking on risk, but you’re also believing in adoption, he said. That’s an approach Scaramucci is also taking by investing in Brett Harrison’s new venture.

Brett I am proud to be an investor in your new company. Go forward. Don’t look back.  Wishing you the best, Scaramucci tweeted Saturday.

The media-friendly Skybridge founder was replying to an extensive tweet thread from Brett Harrison lashing out at Bankman-Fried and Harrison’s own experience at FTX.

Six months into my time at the company, pronounced cracks began to form in my own relationship with Sam. Around then I began advocating strongly for establishing separation and independence for the executive, legal, and developer teams of FTX US, and Sam disagreed, the former FTX US president tweeted.