Co-Founder of Ethereum Resigns, Citing Security Concerns

Syed AhadWeb Editor

19th Jul, 2021. 07:17 pm
Ethereum

Anthony Di Iorio, a Canadian entrepreneur and co-founder of Ethereum, has declared that he is leaving the crypto sector for safety concerns.

Di Iorio will sell his blockchain company, Decentral Inc., and cut links with many other crypto businesses he’s been associated with since 2013. Two years ago, Di Iorio announced his departure from Decentral, leaving as a member of the advisory board.

He returned to the organization soon after to take on a management position.

Decentral is a Toronto-based innovation hub and software development business that has released some decentralized applications, including Jaxx, a digital asset wallet. There are currently over a million users on Jaxx.

Di Iorio also founded KryptoKit, a browser wallet, in 2013, and the startup has subsequently attracted some of the industry’s early developers, including Erik Voorhees, Roger Ver, and Vitalik Buterin.

Di Iorio’s early collaborations with Buterin resulted in the initial conception and crowdfunding of Ethereum’s development in 2014, as well as the eventual debut on July 30, 2015. Charles Hoskinson, Joe Lubin, Gavin Wood, Mihai Alisie, Amir Chetrit, and Jeffrey Wilcke were among the first to fund the project, and the Ethereum blockchain, as envisioned by Buterin, was born.

According to Di Iorio, he assumed that staying away from crypto would make him ‘safer.’

Di Iorio declined to elaborate further on his personal security, instead stating that one of the key reasons for his withdrawal from the crypto industry was his “risk profile.”

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

Di Iorio stated that he would now focus on a philanthropy venture, a new organisation that would address “large problems” using the same concepts he used as a crypto entrepreneur.

“I’m a crypto guy and I don’t want to be known as a crypto person,” Di Iorio shares. “I want to be known as a problem solver.” He said.

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