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Anthony Di Iorio, Ethereum co-founder and crypto entrepreneur, says he is leaving crypto.
In a new Bloomberg report, Di Iorio says he’s leaving crypto behind, in part because of “security concerns.”
Di Iorio is the CEO and co-founder of Canadian blockchain company Decentral, which created Jaxx, one of the most popular crypto wallets in the world. Di Iorio says he plans to sell the company in the coming weeks for fiat currency and doesn’t want to focus on more crypto-related projects.
As a venture capitalist, Di Iorio says he will no longer fund blockchain-related businesses and instead focus on philanthropy and other businesses.
“He has a risk profile that I’m not too passionate about. I don’t necessarily feel safe in this space. If I focused on bigger issues I think I would be safer.
According to Bloomberg, Di Iorio is currently involved with a company called Project Arrow, run by his high school friend. The project attempts to build a zero emission vehicle.
Di Iorio is also consulting a senator from Paraguay, but he did not reveal any details about it.
“I want to branch out so that I’m not a crypto guy, but a guy who tackles complex issues.
“I will integrate crypto when needed, but often I don’t. It really is a small percentage of what the world needs.
Di Iorio’s statements follow a recent storm of viral tweets from Dogecoin co-creator Jackson Palmer who denounces the crypto industry and says he has no plans to return to space nascent.
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Featured Image: Shutterstock / Sergey Nivens
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