One of the creators of the digital currency, Ethereum, has left the crypto business, in part because of concerns about his personal security. Since 2017, crypto-pioneer Anthony Di Yorio, currently 48 years old, uses the services of a security team that accompanies him everywhere, technews.bg reports.
Di Yorio intends to sell his digital company to Decentral Inc. in the coming weeks and shift its focus to charities and other non-cryptocurrency ventures, Bloomberg reported.
The Canadian will also sever ties with other start-ups in which he is involved and has no plans to fund blockchain projects in the future. At the same time, however, he refused to disclose information about his assets in cryptocurrency.
“Cryptocurrency has a risk profile that doesn’t inspire me too much. I don’t feel safe in this space. If I was focused on bigger issues, I think I would be safer“, says Di Jorrio.
In 2018, he bought one of the largest and most expensive apartments in Canada, partially paying for it with cryptocurrency. This is a three-story penthouse for C $ 28 million ($ 22 million) at the St. Louis Hotel. Regis Residences Toronto.
In recent years, Di Jorrio has been involved in risky investments and consulting for startups. He briefly worked as the digital director of the Toronto Stock Exchange. In February 2018, Forbes estimated its capital at $ 1 billion. Since then, the price of etherium has more than doubled.
Di Jorrio and his associates founded Ethereum in 2013, which has become home to many of the hottest crypto projects, especially decentralized financing, which allows people to borrow, lend and trade with each other without intermediaries such as banks. The Ether token has a market value of about $ 225 billion.
According to Di Jorrio himself, his company Decentral will be valued at “hundreds of millions of dollars.” He expects to sell it for fiat money or a stake in another company, not a cryptocurrency.
“I want to deal with complex problems“says Di Jorrio. He is involved in the Arrow project, run by a friend of his from high school who is involved in the development of a zero-emission vehicle. He is also a consultant to a senator from Paraguay. He believes that.”crypto is a small percentage of what the world needs“.
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