July 28, 2021

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Ethereum Co-Founder Says Safety Concern Has Him Quitting Crypto

Ethereum Co-Founder Says Safety Concern Has Him Quitting Crypto
“Anthony Di Iorio, a co-founder of the Ethereum network, says he’s done with the cryptocurrency world, partially because of personal safety concerns,” reports Bloomberg, in a story shared by Slashdot reader tekram:

Di Iorio, 48, has had a security team since 2017, with someone traveling with or meeting him wherever he goes. In coming weeks, he plans to sell Decentral Inc. [maker of Jaxx, a digital asset wallet], and refocus on philanthropy and other ventures not related to crypto. The Canadian expects to sever ties in time with other startups he is involved with, and doesn’t plan on funding any more blockchain projects. “It’s got a risk profile that I am not too enthused about,” said Di Iorio, who declined to disclose his cryptocurrency holdings or net worth. “I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer…”

He was also for a time chief digital officer of the Toronto Stock Exchange. In February 2018, Forbes estimated his net worth was as high as $1 billion. Ether’s price has more than doubled since then.
Bloomberg points out that Di lorio’s net worth was estimated in 2018 at $1 billion — and that since then Ether’s price has more than doubled, with the token holding a total market capitalization around $225 billion (second only to bitcoin).

Bloomberg also notes that Di lorio is involved in Project Arrow, a company building a zero-emission self-driving car. Di Iorio plans to sell Decentral Inc for equity, not cryptocurrency, telling Bloomberg that “I want to diversify to not being a crypto guy, but being a guy tackling complex problems…

“I will incorporate crypto when needed, but a lot of times, it’s not. It’s really a small percentage of what the world needs.”

Read more of this story at Slashdot.