Meta Loses its Crypto Chief as Head of Novi Wallet David Marcus Steps Aside
Meta, the company formerly known as Facebook, has suffered another blow to its crypto plans after its head of blockchain and the co-creator of the Diem stablecoin project stepped down.
On Twitter, David Marcus wrote that the decision to leave had been “difficult,” but that “my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it.”
He wrote that his successor would be Stephane Kasriel, the former Upwork CEO, adding:
“I find comfort and confidence in knowing that [my team] will continue to execute our important mission well under [Kasriel]’s leadership, and I can’t wait to witness this from the outside. I know there’s greatness ahead.”
Kasriel, meanwhile, tweeted that he is “honored for the opportunity to
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