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

article-image

Former BlockFi CEO Zac Prince | DAS 2022 New York by Blockworks

share

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

Anchorage Digital makes SEC vet its general counsel

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. 

Other notable hiring news

  • 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.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

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 […]

recent research

Research Report Templates.png

Research

ZKPs enable efficient offchain transaction processing and validation, resulting in increased throughput and reduced fees. Solana's ZK Compression leverages ZKPs to minimize onchain storage costs, while Sui's zkLogin streamlines user onboarding by replacing complex key management with familiar OAuth credentials.

article-image

North Korea suspected in breach of Indian exchange’s multisig wallet

article-image

Plus, Sanctum’s CLOUD token has officially launched — but not without problems

article-image

It’s not yet clear whether Donald Trump is pumping bitcoin. But an unofficial memecoin is still seeing benefit.

article-image

StarkWare takes a step towards making StarkNet for Bitcoin

article-image

The numbers point to one conclusion: Risk is back, or at least it was during the first half of the year