Crypto hiring: Former FTX exec Sina Nader joins Mysten Labs as head of strategy

A former FTX executive has found a new gig as head of strategy at Web3 infrastructure company Mysten Labs. 

That would be Sina Nader, who was the head of partnerships for FTX US starting in August 2020, Bloomberg reported Monday.

Before FTX US, Nader was the head of crypto at Robinhood. He also had stints at Morgan Stanley and the now-defunct Credit Suisse’s private banking unit. 

Nader reportedly bagged some of the biggest sports and celebrity partnerships in FTX’s brief run as the world’s second largest crypto exchange. 

Some of FTX’s biggest celebrity endorsers included football quarterback Tom Brady, comedian Larry David and former NBA player Shaquille O’Neal. O’Neal in particular was served in April for his role in promoting the now bankrupt exchange. 

Nader, however, is leaving FTX in the rearview mirror and focusing on his new role at Mysten, though he did say he’d draw on experience from Robinhood and to a certain extent, FTX.

Mysten was founded by four former Facebook employees in September 2021 and the company later worked to create the Sui blockchain in March 2022. The layer-1 platform’s mainnet went live on May 3, 2023. 

“[Mysten has] done some amazing work that is ultra scalable and they’re looking at blockchain technology in a different way than most,” Nader told Bloomberg, speaking on Mysten’s contribution to the space so far. 

This marks yet another former FTX executive to find alternate work. Ex-FTX chief operating officer Constance Wang joined blockchain venture capital firm Sino Global Capital in July 2023.

Hiring activity in crypto mining

Crusoe Energy Systems, a company that captures flared natural gas to power bitcoin miners, appointed Patrick McGregor to serve as chief product officer. 

McGregor will have a lot of products to manage, including the company’s initiatives for data centers and bitcoin mining, according to a press release. 

Prior to his hiring at Crusoe, McGregor was the head of product for Coinbase’s Web3 developer platform, a role he had for a couple of months shy of two years. 

He was also a longtime employee at Google, leading product development for the tech company’s artificial intelligence division.

Crusoe co-founder and CEO Chase Lochmiller spoke highly of McGregor, calling him a good fit to help foster “computing-led innovations.”

“His experience overseeing product development at Google and Coinbase will help us ensure that Crusoe stays on the leading edge of technology,” Lochmiller said in a statement.

Other notable hires

• Crypto hedge fund AltTab Capital hired Nick Tsui as a trader and options specialist to bolster its portfolio management team.
• BitMine Immersion Technologies appointed former CleanSpark Chief Financial Officer Lori Love to its board of directors. CleanSpark just announced its Q3 earnings. 
• The Fox Corporation is looking to hire a Web3 senior backend engineer. The London-based role has 57 applicants on LinkedIn.

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