Zac Prince Bids Farewell to the Crypto Industry
Zac Prince, the mind behind the crypto lending platform BlockFi, has decided to leave the crypto world behind to focus on the real estate sector, applying his vast expertise to more traditional business ventures. He, however, plans to return to the crypto space eventually with a new company designed to withstand market fluctuations better.
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Zac Prince, the mind behind the crypto lending platform BlockFi, has decided to leave the crypto world behind to focus on the real estate sector, applying his vast expertise to more traditional business ventures. He, however, plans to return to the crypto space eventually with a new company designed to withstand market fluctuations better.
My wife advised against it due to the craziness and volatility of the crypto industry,
Prince shared.
Prince aspires to bring the same swift pace of innovation he witnessed in crypto and digital asset media to his new field. He pointed out that BlockFi launched four varied products during its five years, including a platform for institutional investors.
Despite leaving the crypto realm, Prince remains committed to not withdrawing his crypto assets from BlockFi until every creditor is compensated in full. He still attributes the company's downfall to the cryptocurrency exchange FTX, which failed to settle its debts because of CEO Sam Bankman-Fried's fraudulent conduct.
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