BlockFi founder and former CEO leaves cryptocurrency industry to join real estate tech startup

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Cointime2024/03/12 00:13

By:Cointime

CoinDesk reported that bankrupt cryptocurrency lending company BlockFi has reached an $874.5 million settlement agreement with the assets of FTX and Alameda Research, which may result in full compensation for users of the bankrupt cryptocurrency lending company. BlockFi founder and former CEO Zac Prince has decided to leave the company and the cryptocurrency industry to join a real estate technology startup called Re Cost Seg.

During an interview, Prince said, "After I left BlockFi, I considered starting another cryptocurrency company. I am passionate about this field and believe in it just as much as I did when I founded BlockFi." He continued, "However, my wife opposed this idea because of the craziness and volatility of the cryptocurrency industry. She suggested that I pursue some less risky work."

Therefore, Prince ultimately chose to join Re Cost Seg, an opportunity he learned about through X. Re Cost Seg provides cost segregation studies for real estate investors, allowing them to accelerate property depreciation and save money on taxes.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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