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Ethereum co-founder liquidates holdings over personal safety concerns

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Many would be envious of Anthony Di Lorio’s position as the co-founder of the world’s second biggest cryptocurrency, but today it has become apparent that positions of power and wealth can often come hand-in-hand with some deeply concerning downsides.

The billionaire revealed that his high-profile role and fortune have brought unwanted attention, and that his concerns for the personal security of his family have sky-rocketed.

“It’s got a risk profile that I am not too enthused about,” he said.

“I don’t feel necessarily safe in this space – if I was focused on larger problems, I think I’d be safer.”

In an interview with Bloomberg, he revealed that he will be cutting ties with all ongoing crypto projects, and is looking to sell his leading digital asset firm – DeCentral.

He hit headlines in 2018 when buying the largest and one of the most expensive condos in Canada – a luxury penthouse, set across three floors of Toronto’s St Regis Residence, and valued at more than $22m USD. It is believed such high profile displays of wealth may have compromised Do Lorio’s security with unwanted attention.

The serial entrepreneur also revealed his plans to redirect his wealth and efforts into a philanthropic project. He has joined ‘Project ARROW’ – a Canadian initiative aimed at building the first carbon-free vehicle designed and manufactured in Canada.

“I want to diversify to not being a crypto guy, but being a guy tackling complex problems,” he expanded.

“I will incorporate crypto when needed, but a lot of times, it’s not. It’s really a small percentage of what the world needs.”

This leaves Vitalik Buterin as the only original co-founder still fully focused on the Ethereum blockchain platform.

More crypto news and information

If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started.

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.