Crypto Blog
The now-defunct crypto exchange FTX has been exposed for making payments worth over $25 million to six whistleblowers who discovered issues with it.According to a report by examiner Robert Cleary on Thursday, one of the unnamed whistleblowers was an FTX.US executive. They revealed that the FTX Groupregulators and investors and lacked an adequate corporate structure.
Separately, another whistleblower made allegations of market manipulation and insider trading. After less than two months of employment at FTX.US, earning a $200,000 salary, they later received a settlement worth $1.8 million. The examiner’s report revealed that the FTX Group did not maintain an up-to-date or comprehensive list of employees at the time of the bankruptcy filing. Additionally, many employees resigned informally, through signals or word of mouth.
Harrison said he was permitted to keep a portion of his equity in the company upon leaving, and his exit agreement included standard non-disparagement and non-disclosure provisions.
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