Former FTX executive Brett Harrison is in talks with investors to form a new cryptocurrency startup, The Information reported Friday, citing people familiar with the matter.
One of the people said that Harrison had told at least one venture capital company that he was seeking to raise $6 million at a valuation of $60 million. However, according to the report, details are subject to change.
At this time, Harrison has not commented on the topic. The news comes on the heels of FTX's dramatic fall and the chain reaction triggered in the cryptocurrency market.