Crypto Hiring: BlockFi’s Zac Prince heads for the crypto exit Crypto Hiring: BlockFi’s Zac Prince heads for the crypto exit
Elsewhere, Anchorage Digital hires a former SEC lawyer and a GSR researcher becomes an ETF strategist at BlackRock. by Jack Kubinec /. March 16, 2024 12:00 pm. Former BlockFi CEO Zac Prince | DAS 2022 New York by Blockworks. It had been a year and a half since Zac Prince’s last X post, a retweet announcing that lending platform BlockFi would pause operations amid the fallout from FTX’s collapse.. Then, this past Monday, Prince returned to say he’d be leaving crypto altogether.. Prince is taking over as CEO of RE Cost Seg, a firm that offers potentially tax-saving cost segregation studies to real estate investors. It’s the first time Prince has worked in a real estate-focused firm, as he worked in lending in the years before he founded BlockFi, according to his LinkedIn.. Read more: FTX, BlockFi score tentative settlement agreement. In general, executives skewered by FTX’s fall haven’t flooded for the exits. Brett Harrison, the onetime president of FTX.US, launched a new derivatives brokerage named Architect. And Blockworks previously reported on Backpack, a former FTX employee-led startup that’s created a popular wallet for Solana users.. Read more: Funding Wrap: Startup co-founded by former FTX employees land $17M. Prince, whose firm entered bankruptcy due to FTX exposure, testified at Sam Bankman-Fried’s trial in November. Prosecutors questioned Prince on his decision to lend funds to Alameda Research, FTX’s sister firm.. Read more: US prosecutors seek decades in prison for Sam Bankman-Fried. The crypto platform Anchorage Digital named TuongVy Le its general counsel.. Le most recently worked in regulatory and legal roles at Bain Capital Crypto and Worldcoin. She was also a partner at Bain Capital Crypto. Before that, Le spent years at the Securities and Exchange Commission where she handled some of the agency’s earliest crypto investigations, according to an Anchorage Digital blog post.. “We are making a big bet on the future, but progress always prevails. Onward!” Le wrote to cap off an X thread announcing the new role.. The head of digital assets at Steve Cohen’s Point72 left the hedge fund, Bloomberg reported.. Former GSR researcher Matt Kunke left the firm to become BlackRock’s digital asset ETFs product strategist.. NFT fantasy sports startup Sorare laid off 22 employees from its New York office in February, TechCrunch reported.. Don’t miss the next big story – join our free daily newsletter.. Tags. Anchorage Digital. BlockFi. crypto hiring. FTX. layoffs. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. learn more. Day 0x. HYATT REGENCY SALT LAKE CITY. TUES, OCT. 8, 2024. Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, . . learn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. The Avalanche Network is well on its way to becoming the best platform to build high-performance blockchains that can seamlessly interact with each other, and the strong focus on performant and scalable blockchains will likely be Avalanche’s competitive advantage.. by Dan Smith. more from news. Select a tab. Nigeria and Binance continue to face off, even after Binance pulled support for the naira. by Katherine Ross /. March 15, 2024. Stocks and cryptocurrencies have been on the decline since Thursday, although analysts say this week’s bad economic reads should have caused a bigger selloff. by Casey Wagner /. March 15, 2024. The planned $87 million deal follows Marathon’s purchase of two mining facilities in January. by Ben Strack /. March 15, 2024. There’s not quite blood in the streets, but things are looking mighty red for crypto. by David Canellis /. March 15, 2024. Cetera to allow its financial pros to implement BTC products offered by BlackRock, Fidelity, Invesco and Franklin Templeton into client portfolios. by Ben Strack /. March 15, 2024. Democratic senators Jack Reed and Laphonza Butler urged the SEC to crack down on what they called “alarming deficiencies” in crypto marketing and disclosures. by Ben Strack /. March 15, 2024