A CO-FOUNDER OF ETHEREUM IS QUITTING CRYPTO DUE TO SAFETY CONCERNS

Anthony Di Iorio, a co-founder of ethereum, told Bloomberg that he’s leaving crypto. He plans to sell his software company Decentral Inc., which is focused on blockchain technologies.

“It’s got a risk profile that I am not too enthused about,” Di Iorio said. “I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer.”

Before starting Decentral in 2014, Di Iorio co-founded ethereum in 2013 with eight others, including Vitalik Buterin.

“I want to diversify to not being a crypto guy, but being a guy tackling complex problems,” Di Iorio said. “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.”

Published on: 7/20/21, 10:28 PM