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Blockchain Developer Cover Letter Sample

Get hired faster & learn to write your next cover letter with this outstanding Blockchain Developer cover letter sample. Copy-paste this cover letter sample at no cost or modify it in any way using our sleek cover letter maker.

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Blockchain Developer Cover Letter Sample (Full Text Version)

Kristoffer erland.

Dear Head of Recruitment,

I am writing to express my interest in the Software Developer position at your company. With 3 years of experience in Blockchain technology, I believe that my background and skills align well with the requirements of the role.

Currently, I am employed as a Software Engineer: Blockchain at 7PH Technologies, where I have been involved in developing emerging technologies such as Blockchain, AI, Machine Learning, and Data Analytics. I have also been responsible for designing and refining solutions to enhance client systems and improve key management systems. Furthermore, I have served as the Subject Matter Expert for troubleshooting bottlenecks and bugs, and devising effective solutions to address these issues.

In addition to my professional experience, I hold a Master of Computer Science degree and possess strong expertise in developing large-scale concurrent, event-driven distributed systems. I also have experience working with public key cryptography and blockchain technologies. My technical skills include proficiency in JavaScript, Go, and C++, with a solid foundation in computer science principles, algorithms, and data structures.

I have thoroughly enjoyed my time at 7PH Technologies, but am now seeking a new opportunity closer to home. I have attached my resume for your review and consideration. Thank you for taking the time to consider my application. I look forward to the possibility of discussing my qualifications further and exploring how I can contribute to your team.

Yours faithfully, Kristoffer Erland

Milan Šaržík, CPRW

Milan’s work-life has been centered around job search for the past three years. He is a Certified Professional Résumé Writer (CPRW™) as well as an active member of the Professional Association of Résumé Writers & Careers Coaches (PARWCC™). Milan holds a record for creating the most career document samples for our help center – until today, he has written more than 500 resumes and cover letters for positions across various industries. On top of that, Milan has completed studies at multiple well-known institutions, including Harvard University, University of Glasgow, and Frankfurt School of Finance and Management.

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How to Write a Winning Web3 Cover Letter

• Introduction

Why write a cover letter?

• Show them you DYOR (do your own research)
• Match your skills and past experiences with the job’s requirements
• Convince them with numbers
• Tailor your letter to the job
• Talk and write like yourself
• You follow generic templates
• You use technical jargon
• You get too busy talking about yourself
• You demonstrate negativity
• You give unnecessary information

I found blockchain in 2022 and set out on a mission to educate myself and others on it.

Web3 job applications, believe it or not, work the same way a non-web3 job application would. Despite the massive differences between both, hiring managers still want a resume, a cover letter, and a portfolio as a standard practice. And while resumes, portfolio formats haven’t evolved much and are objective, the jury is still out on the cover letter - a rather subjective, open-ended document.

So you might ask, what’s the correct way to write a cover letter for a Web3 job? We’re going to help you out with that today.

Hiring in Web3 is pretty cut-throat at the moment. While the demand for experienced Web3 professionals continues to go up, the talent pool isn’t all that massive - or at least it’s thought to be that way. Which means the issue likely could be that applicants are not representing themselves all that well.

Below average cover letters don’t help either. They’re, in fact, an extremely important component of your application. Cover letters written specifically for the said job role, go on to genuinely establish your interest even as a newbie to the space.

To add to that, sending in a cover letter gives you a competitive edge. Web3 companies receive hundreds of resumes for a job role coupled with a relatively lower number of cover letters, but only few go so far as to write a winning cover letter. Absence of it can lead recruiters to take it as a sign of laziness, lack of motivation, not enough passion for decentralized technology, among various other reasons.

Web3 cover letter writing tips

It can be stress-causing when a dream job opens and you don’t quite get how to send in an application that gets noticed. Maybe you’ve done it before and never got a response, after all, it's widely accepted that factors like existing experience in the blockchain space or being skilled in a particular Web3 tech stack count a lot. But they’re not the only ones.

There are numerous other ways you can try to prove your skills, experience, and willingness to learn. You just need to know how.

1. Show them you DYOR (do your own research)

A ready-made standard resume and cover letter paired with an easy-apply option is job hunting heaven to applicants. We’ve all been guilty of mass applying to jobs at various points of our careers, but the truth is, that’s not the best approach and it mostly works against us.

You see, mass applying makes it humanly impossible to get to know each job role up close and what it means for every single company we’re applying to. Because we exhaust ourselves by applying to so many jobs, we also tend to overlook what a particular company or project is about, what their mission is going forward, and what kind of product/s they have to achieve their purpose.

So, there’s a slight possibility that despite having a great skill set and years of experience, your cover letter doesn’t demonstrate any knowledge about the company you’re applying to. And companies, especially Web3 companies , want to bring people on board who deeply resonate with their project and mission.

Any opportunity to research and talk about the company’s culture, product developments, upcoming features and activities goes to show that you’re updated on current events, and are serious and selective about applying to the role.

2. Match your skills and past experiences with the job’s requirements

It should go without saying, but no one hiring in Web3 wants to hear how you helped your company write copy for a landing page when the concerned job role is for a Solidity engineer. Recruiters are short on time and even shorter on attention, so use that time to highlight how a past success could potentially solve a current problem for them.

For example, a Project Manager role job description mentions that they need the ideal applicant to streamline work processes and increase efficiency in the team. The past success, in this case, would be to mention that in your previous role you identified bottlenecks and implemented a new workflow system, and that because of your proven track record, you could address and overcome similar obstacles for them.

You should also remember that your cover letter has to be concise and to the point, so in the space you have, give context to what you’ve briefly mentioned in your resume and what you show in your portfolio. Connect the dots from there to this job in your cover letter because it would be your only (initial) way to explain your expertise to them.

3. Convince them with numbers

In the example mentioned above, we deliberately left out numbers. Upon reading that statement, a recruiter could have several questions like:

• How long did it take to implement the workflow system?
• How much did efficiency go up in the team?
• Was there any tangible reduction in turnaround time?

Having these questions answered for a recruiter can be extremely helpful as they establish a clear picture of what was tangibly achieved in a given amount of time. This instantly works in your favor because it catches the recruiter’s attention and makes you stand out as a valuable resource.

Here’s how you could use numbers. You spent $21,000 on influencer marketing for your first quarter at the job, you were able to onboard 50,000 users from influencer channels for $0.42/user as compared to the previous CAC of $4.5/user through traditional social media ads. Out of those 50,000 users, 5,000 users spent $25/each that quarter on your blockchain tools bringing in $125,000 to the company ($104,000 if the initial investment of $21,000 is subtracted).

The above example is just for show. Depending on your previous and desired job, plus the kind of performance indicators they have, you can tailor this example to yourself. It is important to note that you shouldn’t come up with made up numbers to support your case. A lot of what you say in your cover letter can come up as a question in interviews and reference checks, and if not corroborated can be a bad look. Moreover, there could be a chance your previous workplace might have a privacy concern so you should either take permission or see what kind of numbers, like percentages, wouldn’t violate safety.

4. Tailor your letter to the job

We often use the same resumes for job applications, but it doesn’t work the same way for cover letters. Many job seekers make the common error of submitting the same old, generic cover letter and wonder why they receive no response.

Your Web3 cover letter should be different from the last one you sent because its purpose is to show why you’re a great fit for the particular role you’re applying to. It should reference the company, align with its mission, address the job requirements, and highlight how you can contribute to solving their current challenges - all of which is not achievable with a generic cover letter.

While it is possible to secure a position with a generic cover letter, for top Web3 jobs at leading companies, you must give your A-game. When you’re applying for a job, apply meaningfully with all your details and cover letter, and keep doing it.

5. Talk and write like yourself

No matter how technical your work is, at the end of the day, recruiters are human and they want to review applications that are human. That is why your Web3 cover letter should reflect your authentic voice, skills, and experiences so that you make a positive impression on recruiters from the get-go and they’re able to resonate with you more.

By maintaining your unique tone and style, you can create a more genuine and engaging cover letter that showcases your individuality and sets you apart from other candidates. It should, however, be noted that there should be a good balance of casual and professional in your tone as you want to come across as pleasant but also serious about the role.

It’s also important, now more than ever, to talk and write like yourself because AI-written cover letters are in abundance and recruiters can’t stand them. They’ve taken the fun out of reading someone’s unique story, and now made everyone's stories sound the same with jargon that no one really uses (something AI’s great at doing). If recruiters read ‘tapestry’ or ‘robust’ one more time, they’ll run. Don’t let it come to that.

Reasons why your cover letter is weak

While lack of skills and experience could be reasons as to why you’re not hearing back from a Web3 company, sometimes it can also be because your cover letter is weak. Let’s look at some factors that are making it so.

1. You follow generic templates

We all love and get inspired by cover letter templates. That’s how we got our very first cover letter copies, right? However, as much as we may use them for inspiration, many individuals simply fill in the blanks on a template without customizing. Sometimes they don’t even remove braces and the letter reads {add company name} in overlooked parts. It also doesn’t help that recruiters have grown accustomed to spotting generic and duplicated content. Your cover letter can’t help you after that.

Templates or samples can work great as examples and to provide a foundation. But for important Web3 roles, generic cover letter templates won’t cut it. You’ll have to personally write yours and let your voice and experiences stand out for you.

2. You use technical jargon

More often than not, cover letters are manually reviewed by recruiters with a non-technical background, and while technical knowledge is great to have for Web3 roles, your letter should be fairly easy to read and understand. That means you should refrain from using jargon which could include acronyms, abbreviations, and technical terms. If you do use them, you may risk losing their interest.

You might think that a technical job role application requires technical jargon, because only then would the recruiter know that you are qualified. But it’s not the case. Plenty of great technical Web3 cover letters break things down with easier terms, so that the reader is able to understand all your technical qualifications with ease.

3. You get too busy talking about yourself

We’re accustomed to pitching ourselves, our qualifications and experiences when we write cover letters. However, we sometimes fail to place importance and focus on the company, and are unable to explain how we bring value to the company because of its mission and future goals.

At the end of the day, the various job roles a Web3 company wants to fill, are for the benefit of the organization. So if there is no mention or acknowledgement of the company in the letter, it may come across as you not taking an interest in them.

4. You demonstrate negativity

You’ve probably heard before to steer clear of saying negative things about your previous companies, bosses, as well as the kind of work you had to do. It isn’t a good look, and several recruiters may get the sense that you’re not motivated and positive for the job you’re applying to.

Even if a negative experience absolutely has to be shared, you should focus on morphing the tone and talk about that experience as a positive learning.

5. You give unnecessary information

Adding information irrelevant to the job or repeating something mentioned already, can reflect poorly on your chances as a job applicant. A recruiter is interested in knowing the qualifications, skills and experiences explained in your cover letter so that they can judge you for the job you’re applying to. But if you mention hobbies like knitting, camping or swimming, they will be deemed irrelevant hence shouldn’t be taking up space in your cover letter.

As a parting note, recruiters go through hundreds, if not thousands, of resumes and cover letters in a month alone. They are remarkably adept at weeding out the copied or AI-generated ones (yes, AI cover letters are a big no) from the genuine ones with a unique voice and effort. So do go that extra mile.

Deeply think about what you’ve accomplished so far, how your skills match with the job role and use your own voice to make your case.

Apply for these Web3 Jobs

Blockchain Developer Cover Letter Example

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Start your Blockchain Developer cover letter with a strong, attention-grabbing opening that positions you as a passionate and skilled professional. Begin with a concise introduction that highlights your relevant experience, technical expertise, or a notable achievement that aligns with the job requirements. For instance: "Dear [Hiring Manager's Name], As a dedicated Blockchain Developer with a proven track record of designing and implementing decentralized applications and protocols, I was thrilled to discover the opportunity at [Company Name]. My hands-on experience in developing smart contracts and contributing to blockchain platforms like Ethereum and Hyperledger has equipped me with the unique technical skills that I believe will add significant value to your innovative projects." This approach immediately showcases your relevant skills and enthusiasm for the role, setting a professional tone for the rest of your cover letter.

The best way for Blockchain Developers to end a cover letter is with a concise and confident closing that reinforces their interest in the position and their readiness to discuss their qualifications further. A strong closing statement might look like this: "I am eager to bring my expertise in smart contract development and distributed ledger technology to [Company Name]. I am confident that my technical skills and passion for blockchain innovation would make a significant contribution to your team. I look forward to the opportunity to discuss how my background, skills, and enthusiasms can align with the exciting projects at [Company Name]. Thank you for considering my application." This ending does three key things: it reiterates interest in the role, it underscores the candidate's relevant skills, and it invites further conversation, showing enthusiasm for a follow-up. It's important to personalize the closing with the company's name to show genuine interest and to sign off professionally with "Sincerely" or "Best regards," followed by the candidate's name.

Blockchain Developers should craft a cover letter that not only showcases their technical skills but also demonstrates their understanding of blockchain technology and its applications. Here are some key elements that should be included in a cover letter for a Blockchain Developer: 1. **Introduction**: Start with a brief introduction of yourself and explain why you are interested in the blockchain industry and the specific company. Mention how your skills and interests align with the company's goals and the blockchain ecosystem. 2. **Technical Expertise**: Highlight your technical skills that are pertinent to blockchain development. This may include experience with blockchain platforms like Ethereum, Bitcoin, or Hyperledger, programming languages such as Solidity, Go, or JavaScript, and other relevant tools and technologies like smart contracts, decentralized applications (dApps), and consensus algorithms. 3. **Relevant Experience**: Describe your previous work experience that is relevant to blockchain development. This could be previous blockchain projects you've worked on, contributions to open-source blockchain projects, or any other work that demonstrates your ability to develop and deploy blockchain solutions. 4. **Understanding of Blockchain Principles**: Show that you have a solid understanding of the principles behind blockchain technology, such as decentralization, immutability, and transparency. Explain how you have applied these principles in past projects or how you plan to apply them in the role you're applying for. 5. **Problem-Solving Skills**: Blockchain development often involves tackling complex and novel problems. Provide examples of how you have used your problem-solving skills to overcome challenges in your previous roles, especially those that are unique to blockchain technology. 6. **Collaboration and Communication**: Emphasize your ability to work in a team and communicate effectively, especially in a multidisciplinary field like blockchain where you may need to work with non-technical stakeholders. Mention any experience you have working in agile environments or with remote teams. 7. **Continuous Learning**: The blockchain field is rapidly evolving, so express your commitment to continuous learning and staying up-to-date with the latest developments, trends

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Blockchain Developer Cover Letter Examples

Use these Blockchain Developer cover letter examples to help you write a powerful cover letter that will separate you from the competition.

Blockchain developers are in high demand due to the increasing popularity of blockchain technology. They design and build blockchain applications, and they need to have a deep understanding of the technology and the industry.

When you apply for a blockchain developer position, you need to make sure your cover letter stands out from the competition. Use these examples to write a cover letter that will make hiring managers want to meet you in person.

Formal/Professional Writing Style Example

With a strong background in software development, combined with my passion for blockchain technology, I am confident that my skills and interests align well with the requirements for the Blockchain Developer role at your company.

I earned my Bachelor’s degree in Computer Science from XYZ University and have spent the past four years working as a Software Developer for a reputable technology firm. During this time, I have honed my skills in programming languages such as Python, JavaScript, and C++, as well as developed a deep understanding of software design principles and agile development methodologies. My experience has also exposed me to various blockchain platforms, including Ethereum and Hyperledger.

In my current role, I worked on a team to develop a blockchain-based decentralized platform to optimize supply chain management for a Fortune-500 global logistics company. My specific contributions included writing smart contracts, improving transaction efficiency, and ensuring secure data storage. This project ultimately streamlined the company’s logistics process by reducing operating costs and increasing the visibility of the supply chain, resulting in success for both the company and my team.

As a Blockchain Developer at your esteemed organization, I aim to leverage my skills and experiences to create innovative blockchain-based solutions that meet the unique needs of your clients. I am excited about the opportunity to contribute to the cutting-edge work that your company is renowned for and am eager to be part of your driven, creative team.

Thank you for considering my application. I look forward to the opportunity to discuss further how my background and passion for blockchain development can contribute to your company’s ongoing success.

[Your Name]

Entry-Level Writing Style Example

As a recent graduate from the University of California, Berkeley, with a Bachelor of Science in Computer Science, I am excited about the opportunity to work with your organization and contribute to the advancement of blockchain technology.

During my academic career, I focused on courses such as Distributed Systems, Data Structures, and Cryptography, which have provided me with a solid foundation in blockchain development. Additionally, I have completed several personal projects and internships that allowed me to enhance my understanding of blockchain technology, smart contracts, and decentralized applications (DApps). Furthermore, my strong analytical and problem-solving abilities, combined with my passion for staying current with the latest technology trends, make me a strong candidate for this position.

I am particularly interested in your company’s innovation-driven approach and dedication to providing secure, efficient, and scalable blockchain solutions. It would be an honor for me to join your team and contribute to your ongoing projects while continuously growing and refining my skills as a blockchain developer.

I look forward to the possibility of discussing how my educational background and experience can contribute to the success of your organization. Thank you for considering my application.

Networking/Referral Writing Style Example

I was recently referred for this opportunity by my mentor and esteemed colleague, John Doe, who is currently the Senior Blockchain Architect at your company. I believe that this referral highlights the confidence John has in my ability to contribute to the blockchain projects being developed at your organization.

As an enthusiastic developer with over three years of experience in the blockchain space, I have honed my skills in Solidity, C++, and Python languages. I have been involved in creating decentralized applications, implementing smart contracts, and developing cryptographic solutions for digital currency exchange, while maintaining a strong commitment to code quality and performance optimization.

My most recent project involved building an end-to-end decentralized supply chain solution, which improved the overall transparency and efficiency of the system, resulting in a 25% cost reduction for the involved parties. I take pride in using my expertise to develop real-world solutions that drive business innovation and improve processes.

Having closely followed the innovative solutions developed at your company, particularly in areas of healthcare, finance, and data security, I am eager to participate in these pioneering projects and learn from experienced peers like John.

In conclusion, I am extremely excited about the opportunity to join your team as a Blockchain Developer and contribute to the success of your organization. I look forward to the possibility of discussing how my skills and experiences can best serve your needs.

Thank you for considering my application.

Enthusiastic/Passionate Writing Style Example

As a firm believer in the transformative potential of blockchain technology, I am eager to contribute my skills and expertise to help drive your company to new heights. I have been fascinated with blockchain technology since I first delved into the world of cryptocurrencies and decentralized applications three years ago. This fascination quickly turned into a passion as I educated myself, nurtured my coding expertise, and immersed myself in the growing ecosystem of blockchain’s possibilities.

I am confident that my strong background in software development – specifically, expertise in programming languages like Solidity, JavaScript, and Python – makes me an ideal candidate for this role. Beyond technical prowess, I have honed my problem-solving and collaborative skills through various software projects, hackathons, and an unwavering enthusiasm for knowledge-sharing within the blockchain community.

What particularly excites me about joining your company is the opportunity to work on groundbreaking and disruptive projects that will genuinely impact the world we live in for the better. In my research, I have seen the immense strides your organization has already made in the blockchain space, and I am thrilled at the prospect of contributing my own passion and knowledge to such an innovative and forward-thinking team.

Thank you for considering my application. I am eager to discuss further how my background, technical abilities, and fiery passion for blockchain technology will make a valuable difference at your esteemed organization.

Problem-Solving Writing Style Example

Having carefully researched your company and its role in the rapidly evolving blockchain landscape, I understand the challenges it faces in developing innovative and secure solutions for your diverse clientele. My background in blockchain technology and enthusiasm for problem-solving make me the ideal candidate to contribute to your organization’s growth and success.

From your recent announcement, I gathered that one of the critical challenges your company faces is ensuring optimal security measures for your blockchain platforms. With my in-depth experience in building secure decentralized applications and implementing smart contracts, I believe I can address this challenge head-on. My expertise in utilizing cryptographic principles and utilizing tools such as Truffle and Solidity will enable me to develop the most secure smart contracts, effectively fortifying your platforms’ security.

Another challenge faced by your company, as I understand, is to stay ahead in the competitive market by offering unparalleled scalability and performance in your blockchain products. My background in computer science and experience in fine-tuning consensus algorithms will be invaluable in overcoming these obstacles. Working on projects involving various consensus algorithms – including Proof of Work, Proof of Stake, and Delegated Proof of Stake – has given me the know-how to develop high-performance blockchain systems that can cater to your clients’ growing needs.

In my previous role as a Blockchain Developer at XYZ Solutions, I mastered the integration of blockchain technology with existing systems, which resulted in a 30% increase in efficiency for our clients’ businesses. The hands-on experience I gained in my previous projects perfectly aligns with the solutions your organization seeks.

In conclusion, I am eager to join your team and contribute to overcoming the challenges faced by your company while advancing its position in the blockchain industry. I am confident that my technical skills and passion for identifying and solving problems will not only meet but exceed your expectations. Thank you for considering my application, and I look forward to the opportunity to discuss my candidacy further.

Sincerely, [Your Name]

Storytelling/Narrative Writing Style Example

As a lifelong technology enthusiast, I still remember the day when I first stumbled upon the concept of blockchain technology. It was a cold winter evening, and I was sipping hot chocolate in my favorite coffee shop, browsing through the latest news on my laptop. There, I discovered an article that delved into the world of decentralized systems and cryptocurrencies. The more I read, the more fascinated I became with the potential of blockchain technology to revolutionize industries and empower individuals. It was at that very moment, I knew I had found my passion and my future career.

Since that fateful day, I have devoted my time and energy to developing my skills and expertise in blockchain development. I earned a Bachelor’s degree in Computer Science from XYZ University, where I specialized in distributed systems and cryptography, and have since accumulated three years of experience working on a variety of blockchain projects. I have a solid understanding of popular platforms such as Ethereum and Hyperledger, and have developed numerous smart contracts, decentralized applications, and tokenization systems.

What excites me most about the opportunity to join your company is the alignment of our values and visions. Your commitment to utilizing blockchain technology to create innovative solutions that benefit society resonates with my desire to contribute positively to the world. I believe that my technical skills, passion for blockchain, and dedication to continuous learning make me a strong fit for this role.

I would be truly honored to join your team and contribute to the groundbreaking work you are doing in the blockchain space. Thank you for considering my application. I look forward to the opportunity to discuss my qualifications further.

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How to write a blockchain engineer cover letter

You've probably seen the basic cover letter format. Describe yourself, discuss why you're a good match for the position, explain why the firm is a good fit for you, and close by offering your contact information and greeting them for their time. But, as new faces join the dynamic market alongside those returning to or changing jobs, most of us have a unique opinion of what comprises a blockchain engineer cover letter in 2021.

For instance, the increase of video job submissions and professional-looking cover letters is challenging to overcome, putting many job applicants considering they aren't doing enough to stand out. Finally, every applicant wonders: with recruiting companies receiving more cover letters, what does it take to distinguish yourself in today's job hunt? In 2021, we'll look at several suggestions and approaches for drafting a blockchain engineer cover letter. 

• The core purpose of a blockchain engineer cover letter is to capture the employer's attention by describing what you can offer. However, if your first phrase begins, I am writing to apply for Blockchain Engineer at ABC Tech Solutions, then odds are they will stop reading immediately — even if you are an ideal fit for the post. Replace the standard opening with a unique message. Begin with an exceptional accomplishment that you are proud of and is related to the position, or mention an area of the job title that jumps out to you. If you can draw their interest, you've won half the game. 
• Write your cover letter to the right individual, including the job position and reference id (if applicable), and where and when you discovered the posting. Provide the date and your contact information.
• An excellent cover letter is brief and employs short phrases and straightforward language. It should be 3-4 sections long and no more than one page in length. Continue by saying why you want this position and corporation. Next, show how your primary talents, abilities, and experience may assist the company in meeting its objectives. Highlight how your hobbies and interpersonal traits make you the optimal fit for the position, and appreciate the reader for taking the time to read your application.
• Your cover letter must explain how your unique mix of skills and experience may provide value to that specific post in the firm. Examine the job specification and connect your most practical abilities, credentials, expertise to the job requirements using particular examples to back up your claims.
• Employers aren't looking for candidates who can copy and paste a conventional cover letter example. They're looking for folks who will fit in with the company's culture and who can think beyond the box. Although cover letter samples might be a place to start, don't try to copy them exactly. Instead, infuse some humor and character into the cover letter.
• Your cover letter's language must be professional, engaging, and positive. You would like to show that you are excited about the position and have a favorable outlook on the firm. Consider identifying sections where you may lack the abilities or knowledge indicated in the job post since you can address them during the interview process.
• If you've ever questioned how other individuals make their cover letter and resume look so perfect, the answer is templates. There are several templates available on HipCV resume builder and hipCV cover letter builder to enable you to distinguish yourself from the pack. And the best thing is, you do not even have to be a designer to utilize them. If you're employing a template, ensure your cover letter and resume look the same. To make an impression, use the same typeface, color combination, and layout for each.
• The purpose of a cover letter is to describe yourself and demonstrate why you are a perfect match for the job and the firm, but it must also serve as a preview for your CV. You want the viewer to go from your letter to your outstanding resume, so don't copy the resume's content and paste it into the cover letter, but include snippets that will tempt them to keep reading.
• Individuals working in a workplace are familiar with a stack of professional jargon and are bored of it. Consider not using words and expressions like 'team player' and 'give everything you've got. If you want to incorporate these emotions, find a method to put them in your terminology, the viewer doesn't dismiss them as pointless fluff.
• Whatever changes occur in cover letters throughout time, one piece of guidance on how to write a blockchain engineer cover letter stays constant. Prospective employers will quickly disregard your application if it contains misspelled words or inadequate copy-paste work. When dealing with applications or storing them as PDFs, it's easy to overlook a stray comma, incorrect bullet point, or unfinished phrase. When exporting your cover letter as a PDF, check it via a proofreader or have a reliable colleague/mentor double-check it for errors. Another technique to notice any minor problems in your cover letter is to read it aloud.

Check out our guides on how to become a blockchain engineer , what careers will be in demand , how to write a blockchain engineer resume , blockchain engineer resume sample .

Blockchain Engineer Tried and tested resume example for your next job in 2024. Get a jump-start, by editing this Blockchain Engineer resume example. Just update this example with your details, download and launch your career to new heights today!

Blockchain Engineer cover letter example

Dear Employer

As a Software Developer with five years of Blockchain expertise, I passionately apply for this role. Employed as a Software Engineer: Blockchain at ABC Technologies, where my responsibilities are;

• Build various systems like blockchain, artificial intelligence, machine learning, and data analytics.
• Construct and enhance approaches to protect client systems and key-management platforms.
• As a Subject Matter specialist in charge of identifying bottlenecks/bugs and developing responses to these problems.

I have an M.Sc. to complement my work expertise. I have extensive knowledge designing large-scale simultaneous, event-driven distributed networks and focusing on public-key cryptography/blockchain. Along with JavaScript and C++, I have compelling CS basics, such as a solid understanding of computations and data structures. I have thoroughly enjoyed my experience at Delta Tech Pvt Ltd. Now I'm looking for a fascinating opportunity for my career growth.

Please find my résumé attached for your review. Thank you very much for your time and consideration. I look forward to meeting you and discussing my skills and qualifications in-depth.

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HipCV guide on how to write a medical surgical nurse cover letter along with medical surgical nurse cover letter example.

Cryptocurrency Analyst Cover Letter

Introduction.

A cover letter is an essential part of a job application for a Cryptocurrency Analyst position. It provides a platform for candidates to introduce themselves, highlight their qualifications, and showcase their passion for the field of cryptocurrency. A well-crafted cover letter can help a candidate stand out from the competition and demonstrate their potential to excel in the role.

Cover Letter Example 1 – Experienced Cryptocurrency Analyst

Dear Hiring Manager,

I am writing to express my interest in the Cryptocurrency Analyst position at your organization. With over five years of experience in analyzing and researching cryptocurrency markets, I am confident in my ability to contribute effectively to your team. My strong technical skills, analytical mindset, and passion for the cryptocurrency industry make me a valuable asset for your organization.

In my previous role as a Cryptocurrency Analyst, I successfully developed and implemented trading strategies that led to significant returns for our clients. I have a proven track record of conducting in-depth market research, identifying emerging trends, and making data-driven investment decisions. I am proficient in using a variety of analytical tools and platforms to gather insights and interpret market data.

I am excited about the opportunity to bring my expertise and knowledge to your organization and contribute to its success in the dynamic and fast-paced cryptocurrency market. Thank you for considering my application. I look forward to the opportunity to discuss how my skills and experience align with your organization’s goals.

Sincerely, [Your Name]

Cover Letter Example 2 – Entry-level Cryptocurrency Analyst

I am writing to apply for the entry-level Cryptocurrency Analyst position at your organization. As a recent graduate with a degree in Finance and a strong interest in cryptocurrency, I am excited about the opportunity to kickstart my career in this rapidly growing field.

During my academic studies, I developed a solid foundation in financial analysis, data interpretation, and market research. I have completed coursework in cryptocurrency fundamentals and blockchain technology, and I am eager to apply my knowledge and skills in a professional setting. I am a quick learner, detail-oriented, and possess strong problem-solving abilities.

I am confident that my educational background and enthusiasm for the cryptocurrency industry make me a strong candidate for the Cryptocurrency Analyst position at your organization. I am eager to learn from experienced professionals in the field and contribute to the success of your team. Thank you for considering my application. I look forward to the opportunity to discuss how I can add value to your organization.

A well-written cover letter is a powerful tool for Cryptocurrency Analysts to showcase their qualifications and passion for the field. Whether you are an experienced professional or an entry-level candidate, your cover letter can help you stand out and demonstrate your potential to thrive in the dynamic world of cryptocurrency. By highlighting your skills, experiences, and enthusiasm for the industry, you can impress hiring managers and secure opportunities for growth and success in this exciting field.

Introducing John Smith: Your Expert Resume Writer, Cover Letter Specialist, and Career Coach. Meet John Smith, your dedicated partner in crafting the perfect resume, compelling cover letter, and charting your career path to success. With a passion for helping individuals reach their professional aspirations, John brings a wealth of expertise to the table as a resume writer, cover letter specialist, and career coach.

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How to Apply for a Job in Crypto: A Step-by-Step Guide

Are you fascinated by the world of cryptocurrencies and blockchain technology?

Do you dream of working in the dynamic and rapidly evolving crypto industry?

If so, you're not alone!

The crypto job market is buzzing with opportunities, but finding the right job and navigating the application process can be daunting. Worry not, for this step-by-step guide will lead you through the process of applying for a job in the exciting realm of crypto.

Additionally, we would like to introduce you to Jobs On The Block , the newest job search platform tailored for remote blockchain careers . Be sure to sign up for our newsletter to stay updated on the latest job openings and industry insights.

Here's a step-by-step guide on how to apply for a job in the crypto industry

Step 1: Self-Assessment and Skill Building

Before diving into the job search, take some time to assess your skills and interests. The crypto industry offers diverse roles, from blockchain developers to crypto analysts and even non-tech roles such as marketing specialists.

Identify your strengths and align them with the positions you wish to pursue. Consider honing your skills in blockchain technology, programming languages, cryptography, and smart contracts to increase your marketability.

Step 2: Research the Crypto Job Market

Familiarize yourself with the crypto job market and the various sectors that utilize blockchain technology. Research companies that align with your interests and values, and explore their job requirements and company culture.

Networking events, seminars and blockchain conferences can provide valuable insights and opportunities to connect with potential employers.

Step 3: Create an Impressive Resume and Cover Letter

Craft a resume that highlights your relevant skills, experiences, and achievements. Tailor your resume to the specific roles you are applying for and include any blockchain-related projects you've worked on. Make sure to include keywords that fit the role. Use a clean design that is easy to read.

Your cover letter should demonstrate your passion for the crypto industry and explain why you are an ideal fit for the position and the company.

Step 4: Leverage Jobs On The Block for Your job search

Jobs On The Block is a dedicated job search platform designed to connect talented individuals globally with blockchain career opportunities. Our platform is also dedicated to remote work. Here's how you can make the most of the platform:

Browse and Search Job Listings : Explore the diverse array of crypto job listings on the platform. Use the search function for the roles or specializations that best fit you.

Create Job Alerts : Set up job alerts by signing up to our Newsletter to receive notifications when new relevant positions become available. Stay ahead of the competition and be one of the first to apply.

Apply with Ease : When you click "Apply Now" you are submitting your tailored resume and cover letter directly through the platform to the companies of your choice.

Step 5: Prepare for Interviews

Once you start receiving interview invitations, prepare thoroughly. Research the company and the role, and practice answering common crypto and blockchain-related interview questions. Showcase your passion for the industry and your eagerness to contribute to the company's success.

Embarking on a career in the crypto industry can be a transformative journey filled with exciting challenges and opportunities. With this step-by-step guide, you are well-equipped to navigate the application process and find your dream job in the blockchain space.

Remember to sign up for our newsletter to receive the latest job updates and valuable insights on the evolving world of crypto. Jobs On The Block is your ultimate companion in discovering the limitless possibilities of blockchain careers.

Happy job hunting!

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Creating a Winning Resume & Cover Letter For Your Crypto Job Application

The world of cryptocurrency is growing and expanding and with it, job opportunities are increasing.

However, with the high demand for crypto jobs, the competition can be fierce. To stand out and make a lasting impression on potential employers, it’s crucial to have a well-crafted resume and cover letter that showcase your skills and experiences relevant to the crypto industry.

Here are five tips to help you create a winning resume and cover letter for your next crypto job application:

Highlight your technical skills and understanding of cryptocurrency In the world of cryptocurrency

Technical skills and a strong understanding of the industry are essential. Be sure to highlight any relevant courses you’ve taken, certifications you’ve earned, or projects you’ve worked on that demonstrate your expertise. Use specific keywords and technical terms that are common in the crypto industry to demonstrate your familiarity with the field.

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Showcase your experience in finance, economics, or technology.

Cryptocurrency is a fusion of finance, economics, and technology, so it’s important to show how your previous experiences in these areas can be applied to the crypto industry. Highlight any relevant experiences you have in these fields and how they will help you succeed in a crypto job.

Customise your resume and cover letter for each job you apply

It’s important to tailor your resume and cover letter to each job you apply for. This shows the employer that you have taken the time to research the company and understand the specific skills and qualities they are looking for. Be sure to highlight how your experiences and skills match the requirements listed in the job description.

Use a professional tone and format

Your resume and cover letter should be professional, well-written, and free of errors. Use a clear, concise, and easy-to-read format and font, and keep your language formal and professional. This shows that you take your job search and the opportunity to work in the crypto industry seriously.

Get feedback from others

Before submitting your resume and cover letter, it’s a good idea to get feedback from friends, family or a career counselor. They can offer insights and suggestions on how to improve your application and increase your chances of getting hired.

Want to know more about how to write a resume? check out these resources:

• How To Write a Winning Resume With Examples and Template

A well-crafted resume and cover letter are essential for standing out in the competitive world of crypto jobs. By highlighting your technical skills, demonstrating your understanding of the crypto industry, customising your application for each job, using a professional tone and format and getting feedback from others, you can increase your chances of getting hired and kickstart your career in the exciting and growing field of cryptocurrency.

Want more advice on how to land a job in blockchain space? Check out our job guides .

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Blockchain Developer Cover Letter Samples

A Blockchain developer is responsible for developing and optimizing blockchain protocols, crafting the architecture of blockchain systems, developing smart contracts and web apps using blockchain technology. Blockchain developers are responsible for the full life cycles of blockchain applications, from research and analysis to design and execution.

Blockchain is a special database which gained popularity because of cryptocurrencies adopting it, especially bitcoin. Blockchain development is used together with cryptocurrencies to implement peer-to-peer (P2P), distributed services. Blockchain’s primary usage is large, public databases that are immutable—in other words, they can’t be tampered without spending massive amounts of resources.

Are you a Blockchain Developer looking to make a strong impression with your cover letter? Look no further!

In this article, we will provide you with a sample that will help you craft a unique and creative cover letter that will catch the attention of hiring managers and showcase your skills and experience in the field of blockchain development.

Writing a good Blockchain Developer cover letter can make the difference between being invited for a job interview and having your application ignored by a recruiter.

The following Blockchain Developer cover letter samples will help you write a compelling cover letter that best highlights your experience, skills and qualifications. The cover letter samples can be edited to suit any Blockchain Developer with or without experience.

Blockchain Developer Cover Letter Example (No experience)

This Blockchain Developer cover letter sample is well-suited for applicants seeking entry-level positions with little or no job experience.

[Your Name],

[Your Address],

[Your City, Your State].

[Your Phone Number]

[Your Email]

[Current Date]

[Recipient's Name],

[Recipient's Job Title],

[Company Name],

[Company Address].

Dear Hiring Manager,

I am writing to express my interest in the entry-level Blockchain Developer position at your company. With a strong passion for blockchain technology and a solid foundation in programming languages such as Solidity and JavaScript, I am confident in my ability to contribute to your team and make a positive impact on your projects.

During my studies in Computer Science, I had the opportunity to work on several blockchain projects, where I gained hands-on experience in developing smart contracts and decentralized applications. I am familiar with blockchain frameworks such as Ethereum and Hyperledger and have a good understanding of cryptographic algorithms and consensus mechanisms.

What sets me apart is my ability to think critically and problem-solve in complex situations. I have a strong attention to detail and a keen eye for identifying potential vulnerabilities in blockchain systems. I am also a quick learner and thrive in fast-paced environments, which I believe are essential qualities for a successful blockchain developer.

I am excited about the opportunity to contribute to your company's mission of revolutionizing industries through blockchain technology. Thank you for considering my application. I look forward to the possibility of discussing how my skills and enthusiasm can contribute to your team.

Yours sincerely,

[ Your Signature ]

[Your Name]

Cover Letter tip

Always endeavour to find out the hiring manager's full name. Look them up on LinkedIn, consult the company website or give the company a call to find out. If you're unable to figure out their name, you can omit it from the recipient's section, while using preferred alternatives like: "Dear Hiring Manager:", "Dear Director of Human Resources:" or less frequently: "Dear Sir/Madam:" in the Salutation.

Learn more about how to write a cover letter in a more detailed guide.

Blockchain Developer Cover Letter Example (With experience)

This Blockchain Developer cover letter sample is highly suitable for applicants with job experience, as it allows them to effectively showcase their skills and accomplishments in a professional manner.

I am thrilled to apply for the experienced Blockchain Developer position at your esteemed organization. With over five years of hands-on experience in blockchain development and a proven track record of delivering innovative solutions, I am confident in my ability to drive your company's success in the rapidly evolving blockchain industry.

Throughout my career, I have successfully led and contributed to the development of numerous blockchain projects, ranging from decentralized finance applications to supply chain management systems. I am well-versed in blockchain frameworks such as Ethereum, Hyperledger Fabric, and Corda, and have a deep understanding of smart contract development, consensus algorithms, and security best practices.

What sets me apart is my ability to architect scalable and efficient blockchain solutions that meet the unique needs of businesses. I have a strong background in software engineering and have successfully integrated blockchain technology with existing systems, ensuring seamless interoperability and enhanced functionality.

I am passionate about staying up-to-date with the latest advancements in blockchain technology and actively contribute to the blockchain community through open-source projects and knowledge sharing. I am confident that my technical expertise, leadership skills, and dedication to innovation make me an ideal candidate for this position.

Thank you for considering my application. I am excited about the opportunity to contribute to your organization's growth and success. I look forward to discussing how my skills and experience align with your requirements.

There's no one-size-fits-all cover letter. Every cover letter should be tailored to the requirements of a particular job. Therefore, resist the temptation of using these samples word-for-word in your job applications. They're only intended to serve as a guide for writing compelling cover letters.

Since each job comes with its unique responsibilities and requirements, it's important to customize your cover letter to align with the specific skills and expertise demanded by the position you are applying for, highlighting why you are a strong match for the job requirements.

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Top 10 Crypto Skills for Your Resume

Jeff Gillis 0 Comments

By Jeff Gillis

Cryptocurrency has been making headlines for years, and not just when it comes to changes in value. Digital currency has a lot of potential, and so do the technologies behind it. So, it isn’t a surprise that interest in crypto skills is on the rise.

Many companies want to leverage cryptocurrency and associated technologies – particularly blockchain and smart contracts – to their advantage. How can they pull that off? By hiring professionals with the right cryptocurrency skills.

If you want to be part of the new wave of professionals that take crypto to the next level, here’s what you need to know.

What Are Crypto Skills?

Alright, before we dig into the top ten crypto skills for your resume, let’s talk about what cryptocurrency skills are in the first place.

First, we have to dive into the difference between crypto and blockchain skills. Many people use the terms interchangeably, and it makes sense why. After all, blockchain emerged because of Bitcoin, so there’s a clear association.

The thing is, the terms don’t actually refer to the same thing. Blockchain isn’t a cryptocurrency in and of itself. Instead, it’s a recordkeeping technology that often serves as a foundation for ledgers associated with a cryptocurrency. As a result, blockchain know-how actually falls into the broader category of cryptocurrency skills.

Okay, now that is out of the way, let’s talk about what crypto skills are. In a general sense, any capability that allows someone to work in the larger cryptocurrency landscape can qualify. That includes hard skills that let them design new coins or platforms for trading, as well as marketing, sales, and customer management abilities. Even legal expertise can be a crypto skill, particularly when it comes to compliance.

Essentially, if it’s a capability that lets you work in crypto, it counts. Yes, it’s actually that simple.

How Are Crypto Skills Relevant to a Crypto Job Search?

As with all job searches, relevancy is the key to success. If you’re trying to land a crypto job, then you’ll need to have and highlight capabilities that align with the role.

Which crypto skills are relevant to your job search can vary. Companies have different expectations depending on the kind of position you’re trying to land.

For example, if you’re focusing on cryptocurrency development or blockchain engineering, programming-related skills are essential. However, if you’d rather focus on sales or marketing, coding isn’t a critical part of the equation.

What’s the same regardless is the need to show your cryptocurrency skills off. This includes adding the right keywords to your resume and cover letter, as well as preparing interview answers that align with the needs of the role.

Expressing your enthusiasm for crypto is also essential. You’ll get a lot further if your cover letter and interview answers demonstrate your passion for digital currency, including where it sits today and where it might go in the future. That way, you’ll come across as a fan of the industry, helping you stand out.

How to Highlight Crypto Skills for a Job Search

Highlighting cryptocurrency skills during your job search is pretty simple. As with any other kind of job-related capability, it’s all about coverage.

Ideally, you want to make sure that any must-have capabilities in the required skills list are mentioned during every part of the process. Incorporate them into the skills section of your resume, and choose achievements for your work history that showcase those capabilities. Then, make sure a few of the skills at the top of the required list are in your cover letter, too.

As you prepare for the interview, you also want to use examples that draw attention to those capabilities. By using examples, you’re showing the hiring manager how you put those skills to work, making your answer more appealing.

How do you pick the right crypto skills to showcase? By using the Tailoring Method, of course!

With the Tailoring Method , you focus on relevancy. It ensures you’re highlighting skills that matter to that specific role and hiring manager. That way, you’ll look like a strong match for the job, increasing the odds that you’ll advance through the hiring process.

How to Develop Crypto Skills If You Don’t Have Them

If you don’t have crypto skills, figuring out how to get them might seem challenging at first. After all, there aren’t a ton of schools offering degrees in cryptocurrency, so getting a Bachelor’s or Master’s focused on it specifically isn’t particularly practical for most people.

Fortunately, there are alternative options. If you’re looking at the technical side of the industry, then self-study, online courses, or bootcamps focused on the underlying technologies and programming languages could be your best bet.

For non-tech jobs in crypto, you’d use the same approach as you would if you were looking for a similar role in another industry. For instance, if you want to focus on crypto marketing, you could get a degree in marketing to get the ball rolling.

If you’re in a role that has some crossover with the crypto job you want, you could also sign up for projects that use the associated skills. Similarly, volunteering can be a great way to get new skills.

List of Crypto Skills

Now is the moment you’ve been waiting for: the list of cryptocurrency skills. If you’re interested in taking your career in this direction, these capabilities can make it easier. However, you may not need them all to get headed in the right direction.

Some of the skills below are broadly beneficial for anyone wanting to work in crypto. However, others are a bit more niche or situation-specific. Since that’s the case, you’ll want to consider the type of role you’d like to land. That way, you can choose capabilities that align with your career vision.

Here is a look at the top ten crypto skills for your resume.

1. Blockchain

When it comes to the quintessential cryptocurrency skills, blockchain easily qualifies. It’s the foundation of Bitcoin and many altcoins, so having a thorough understanding of blockchain architecture and protocol is essential if you’re stepping into the crypto space.

Often, there are supplemental skills that can also fall under this umbrella. For example, cryptography skills are part of the broader blockchain capabilities conversation, making it a wise thing to acquire.

2. Solidity

Solidity is a relatively new object-oriented programming language. Its main application is in the creation of smart contracts, something that’s increasingly prevalent in the crypto space, particularly when it comes to Ethereum. For instance, Ethereum decentralized applications (dApps) rely on Solidity, as well as blockchain for data storage.

Since Solidity is newer, not many professionals have any direct experience with it. By honing this skill, it can help you stand apart from other candidates, as well as tap into lucrative opportunities.

Another critical capability for the smart contracts part of the crypto skills equation is Haskell. While Haskell is a general-purpose programming language, it’s widely used in the cryptocurrency space.

One key reason that the language is so popular in this context is that Haskell focuses on “safety.” There are safeguards that ensure certain types of errors can’t happen, making it a solid choice when you’re dealing with financial matters.

4. Security

It shouldn’t be a surprise that one of the key blockchain skills you’ll want if you plan to have a career in crypto is security. By and large, blockchain is used for financial purposes, as well as contracting. Since accuracy and integrity are critical on both fronts, employers want candidates who aren’t just security-oriented but highly savvy.

While this also taps on cryptography, it goes further, too. An understanding of security architecture is paramount, for instance, as well as system maintenance and defense.

5. Data Analytics

With blockchain, transparency is a big part of the game. As a result, companies look for candidates who can take the available data and find meaning in the details.

That’s why data analytics is one of the crucial cryptocurrency skills. If organizations are going to leverage data, they need professionals who can identify patterns and find opportunities, giving their employers a chance to remain ahead of the curve.

6. Financial Analysis

In the end, the world of crypto is largely about money. Cryptocurrencies are viewed as investments by many, so there is a strong financial component. Plus, with the emergence of NFTs , there are even more investment opportunities for those bold enough to venture into the landscape.

With all of that in mind, it shouldn’t be a surprise that financial analysis is one of the leading cryptocurrency skills, particularly if you’re focusing on the investment space. It allows you to examine markets to find opportunities and assess the performance of assets to determine any upcoming moves, making it a valuable addition to many crypto resumes.

7. Community Management

When it comes to non-technical capabilities that are crucial in the broader crypto landscape, community management skills are vital. Many cryptocurrencies have active (and vocal) communities behind them. Those behind the coins need to make sure they’re part of the conversation, so they turn to community management experts to share company messaging and keep discussions civil and productive.

8. UX Design

The world of cryptocurrency is increasingly competitive. If a company wants to launch a related platform or online service, following UX design best practices is essential. That way, the end result is user-friendly and appealing, increasing the odds that consumers will turn to the platform to handle their crypto-related needs.

However, UX design is also a critical cryptocurrency skill because companies need their internal applications to run smoothly. If an organization wants to develop a proprietary solution for managing key operational functions, it may turn to a UX design expert to ensure it meets the needs of employees.

9. Web Development

While web development isn’t directly connected to blockchain or cryptocurrency, it still has an important role to place. In many cases, people engage with blockchain-based systems using web applications. Knowing how to develop effective interfaces to create simple but engaging portals for activities like trading or contract finalization is part of that equation.

In many cases, you’ll actually need a number of skills to cover this base thoroughly. Experience with languages like HTML, JavaScript, and CSS might be critical if you’re focused on the frontend. For backend roles, Scala, Python, or Go might be vital.

Familiarity with APIs is also critical. While you won’t need the same level of understanding as a blockchain developer if you focus on this niche, knowing how they work in a general sense can help you stand out from the pack.

10. Compliance

Saying that the cryptocurrency landscape is a bit precarious can seem like an understanding. How existing laws apply isn’t always clear. Similarly, new regulations are likely on the horizon.

That’s why, when it comes to crypto skills, having a solid understanding of compliance concerns and requirements is a must. While those who oversee compliance are usually in law careers, everyone involved in development and operations needs to have a good overview of the current state and what’s on the horizon. That way, they can act in accordance with the law and prepare for new rules as they’re released.

Putting It All Together

Ultimately, all of the crypto skills above could be solid additions to your resume if you want to break into the cryptocurrency industry. Just choose the ones that align with the role you’re after. That way, you can put yourself on the path toward your dream crypto job.

Thanks for reading!

Co-founder and CTO of TheInterviewGuys.com. Jeff is a featured contributor delivering advice on job search, job interviews and career advancement, having published more than 50 pieces of unique content on the site , with his work being featured in top publications such as INC , ZDnet , MSN and more.

Learn more about The Interview Guys on our About Us page .

About The Author

Jeff gillis.

Co-founder and CTO of TheInterviewGuys.com. Jeff is a featured contributor delivering advice on job search, job interviews and career advancement, having published more than 50 pieces of unique content on the site , with his work being featured in top publications such as INC , ZDnet , MSN and more. Learn more about The Interview Guys on our About Us page .

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Cover letter for Cryptocurrency Trader

Craft a compelling and personalized cover letter for cryptocurrency trading - boost your chances of success in the fast-paced world of digital assets.

How to Create an Impressive Cover Letter for a Cryptocurrency Trader

Welcome to our blog post on crafting a persuasive cover letter for the role of Cryptocurrency Trader. In today's competitive job market, a well-written and personalized cover letter can make a significant difference in grabbing the attention of potential employers. Whether you're an experienced trader or just starting your career in the world of cryptocurrency, we've put together some valuable tips and tricks to help you stand out from the crowd.

1. Personalize your cover letter

One of the most crucial aspects of writing a cover letter is personalization. Addressing the hiring manager by name and tailoring the content to the specific company and role you're applying for is essential. Research the company's values, mission, and recent accomplishments, and highlight how your skills align with their needs. This personal touch demonstrates your genuine interest and enthusiasm, setting you apart from generic cover letters.

2. Capture attention with a compelling introduction

The opening paragraph of your cover letter should immediately grab the reader's attention. Consider starting with an intriguing anecdote or a brief story that showcases your passion for cryptocurrency trading. You can mention how you followed the industry's growth, encountered challenges, and developed your skills. By engaging the reader right from the start, you increase the chances of them continuing to read your letter with interest.

3. Highlight your must-have skills

As a Cryptocurrency Trader, there are several must-have skills that employers typically look for. Make sure to emphasize these skills in your cover letter to show that you're the ideal candidate for the role. Some essential skills for a Cryptocurrency Trader include:

• Strong analytical and problem-solving abilities
• In-depth knowledge of blockchain technology and cryptocurrencies
• Experience in technical analysis and chart pattern recognition
• Ability to execute trades swiftly and accurately
• Proficiency in risk management and capital allocation

4. Showcase your good-to-have competencies

In addition to the must-have skills, there are certain good-to-have competencies that can set you apart from other candidates. These competencies demonstrate your dedication to continuous learning and your ability to adapt to the rapidly evolving cryptocurrency market. Some good-to-have competencies for a Cryptocurrency Trader include:

• Knowledge of algorithmic trading strategies
• Familiarity with financial modeling and statistical analysis
• Experience in building trading bots or using automated trading platforms
• Ability to interpret market sentiment and news to make informed trading decisions
• Strong understanding of different trading platforms and exchanges

5. Utilize our AI Cover Letter Generator

Writing a cover letter from scratch can be a daunting task, but we're here to help. Our AI Cover Letter Generator creates tailored cover letters that can be further polished to suit your needs. By utilizing this tool, you can save valuable time while still maintaining a personalized approach. Visit our website to try out our AI Cover Letter Generator and create a cover letter that will impress potential employers.

6. Provide multiple perspectives and solutions

When discussing your previous trading experiences, it's important to demonstrate your ability to analyze situations from different angles and provide effective solutions. Highlight specific instances where you successfully navigated through challenging market conditions, managed risk, and generated profitable returns. By showcasing your problem-solving skills, you show employers that you can handle the complexities of cryptocurrency trading.

In conclusion, crafting a compelling cover letter for a Cryptocurrency Trader position requires personalization, a captivating introduction, and a clear demonstration of your must-have skills and good-to-have competencies. By incorporating these tips and utilizing our AI Cover Letter Generator, you can create a standout cover letter that showcases your passion, knowledge, and suitability for the role. Good luck with your application!

Interested in creating a personalized cover letter? Try out our AI Cover Letter Generator today! It's an invaluable tool for job seekers in the cryptocurrency trading industry.

Disclaimer: While our AI Cover Letter Generator provides a solid foundation, we recommend reviewing and customizing the generated cover letter to match your personal style and unique qualifications.

Cover Letter: Cryptocurrency Trader Position

Dear Hiring Manager,

I am writing to express my interest in the Cryptocurrency Trader position at your esteemed company. With a strong background in finance and a deep understanding of the cryptocurrency market, I am confident in my ability to contribute to your team and drive impressive results.

Throughout my career, I have developed a keen interest in the dynamic world of cryptocurrency trading. I have closely followed the market trends, analyzed various digital assets, and successfully executed trades to generate substantial profits. My expertise includes conducting thorough research, identifying profitable opportunities, and implementing effective trading strategies to maximize returns.

Here are some key qualifications that make me an ideal candidate for this role:

• Extensive Knowledge of Cryptocurrencies: I possess a comprehensive understanding of various cryptocurrencies, including Bitcoin, Ethereum, and altcoins. This knowledge allows me to make informed decisions and capitalize on market movements.
• Technical Analysis: I am proficient in technical analysis tools and methodologies, such as chart patterns, Fibonacci retracements, and moving averages. Leveraging these tools, I can identify market trends and predict price movements with a high degree of accuracy.
• Risk Management: I have a proven track record of implementing effective risk management strategies to protect investments and minimize losses. By carefully evaluating risk-reward ratios, I have consistently achieved impressive risk-adjusted returns.
• Strong Analytical Skills: As a detail-oriented individual, I excel in analyzing complex data sets and extracting meaningful insights. This skill enables me to identify emerging patterns, spot market inefficiencies, and execute profitable trades.
• Adaptability: The cryptocurrency market is ever-evolving, and I thrive in fast-paced environments. I am quick to adapt to changes, stay updated with industry news, and leverage new technologies to gain a competitive edge.

I am proud to share some of my accomplishments in the cryptocurrency trading field:

• Consistently achieved an average monthly return of 15% over the past two years, outperforming market benchmarks.
• Successfully executed a high-frequency trading strategy, resulting in a 20% increase in profits compared to the previous year.
• Developed and implemented a cryptocurrency portfolio management system, which improved portfolio diversification and reduced risk exposure.

I am excited about the opportunity to join your team and contribute my skills to drive exceptional results. My passion for the cryptocurrency market combined with my strong analytical abilities and risk management skills make me confident in my ability to excel in this position.

Thank you for considering my application. I look forward to the possibility of discussing how my skills align with your organization's needs further. Please find my contact information below, and do not hesitate to reach out to me to schedule an interview.

Email: [email protected]

Phone: (XXX) XXX-XXXX

Applications with Cover Letters generate 50% more replies! ⚡️

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Join cryptojobs.com, the leading web3 employment platform that focuses on freedom, versatility, and transformation. With hundreds of latest crypto jobs posted on the platform daily, cryptojobs.com is well on its way to quickly becoming the most trusted crypto job board in the web3 space. Our experienced team is committed to delivering the finest user experience to both job seekers and companies alike.

cryptojobs.com – The Fastest-growing Web3 Job Board

At cryptojobs.com, our goal is to find a sustainable solution to the job market’s long-standing problems. For job seekers, we aim to deliver an easy-to-use interface and quality job listings to make search for cryptocurrency jobs stress-free. At the same time, we have developed a platform for companies to swiftly and efficiently identify top-tier candidates. Our goal is to keep improving the quality of our services by meticulously analyzing the problems faced by job seekers and companies in the current job market.

The crypto industry is growing at a rapid pace, thanks to the technological advancement in the world of web3 and blockchain. The increasing mainstream acceptance of cryptocurrencies has paved the way for new career opportunities for talented individuals in the crypto industry. From blockchain development and UI/UX design to marketing , community management and online reputation management, a wide range of crypto job roles await talented individuals in this highly competitive industry. Be part of the future of work in the web3 space and explore exciting opportunities today.

Unlock Your Potential in the Crypto Job Market

At cryptojobs.com, we facilitate job seekers with the most useful features that can help them in searching for the cryptocurrency jobs that align with their skillset. It is crucial for job seekers to understand that the crypto industry is experiencing rapid growth, surpassing many other industries. It is, therefore, important to not only work on enhancing the core skills but also staying updated about technologies shaping the industry.

The basic knowledge about cryptocurrencies helps in preparing for challenging interviews and updating one’s professional profile according to the growing industry needs. To streamline the job search process and ensure that talented individuals have all the necessary tools at their disposal, cryptojobs.com offers advanced filters, enabling them to easily navigate toward career-defining opportunities. Talents can search for crypto jobs by:

• Job category
• Work Flexibility (Remote, Onsite, Hybrid)
• Job Type (Full-time, Part-time, Internship, Contract)

As the fastest-growing crypto job board in the web3 space, cryptojobs.com attracts job posts from the industry’s most popular crypto and blockchain companies . It gives the job seekers an opportunity to work with the fastest-growing companies to give their career a significant boost.

As a community-driven employment platform, cryptojobs.com is revolutionizing the way we work in the web3 industry. Our platform is not just about discovering new opportunities but also about becoming part of the future of work. While the scope of quality and productivity associated with onsite jobs cannot be ignored, it is almost impossible to deny the effectiveness of remote jobs. Remote jobs offer a great level of flexibility for both employees and employers. With cryptojobs.com, you can find both remote and onsite jobs to ensure that you don’t have to compromise on your comfort and ease while thinking about taking the next big leap into your crypto career.

The Perfect Place to Find Your First Crypto Job

It is always crucial to find your first job in crypto industry and cryptojobs.com is where it all starts. Our platform is also designed to help individuals in the quest for their first-ever crypto job. It is time to say goodbye to traditional job boards and embrace the future of employment with cryptojobs.com. Our features that help beginners find their feet in the crypto job market include advanced job search filter, an option to directly communicate with the hiring managers and a highly resourceful blog to learn tips and tricks for finding jobs.

In addition, cryptojobs.com also makes career growth easy for experienced professionals. Join cryptojobs.com to be a part of the groundbreaking transformation in the web3 job market.

The Best Place to Find the Top-tier Talent – cryptojobs.com

At cryptojobs.com, companies can benefit from our fast-growing database of talented crypto professionals to hire the best for their business. On a daily basis, candidates from across the globe sign up for finding the latest crypto jobs on our platform. It boosts the probability for companies to find highly skillful professionals quickly. To make things even easier, cryptojobs.com offers companies to upgrade their jobs.

Companies can opt for our premium and featured job plans to boost the reach and engagement of their job ads. The premium and featured job ads attract the highest interest of job seekers, which makes it easier for companies to find the right talent.

In addition, a wide range of features are available for the companies to hunt for the top-tier talent in the web3 space. These features include an easy-to-use dashboard to post and upgrade jobs, direct communication with shortlisted candidates and hassle-free CV management (internal, external).

Join The Leading Web3 Job Board Today!

Whether you are a job seeker or a company, cryptojobs.com is the platform you can trust. With an ever-growing database of talented professionals and companies, cryptojobs.com is quickly becoming the first-choice job board in the web3 space. A wide range of features for both companies and talent ensure that the platform offers a smooth and user-friendly experience. Join cryptojobs.com today to become a part of our mission to transform the crypto job market.

Frequently Asked Questions

How do i start a career in crypto.

When starting your career in the crypto industry, it is important to follow some important practices. To avoid any hiccups, you should consider:

• Understanding the fundamentals of blockchain and cryptocurrencies.
• Learning about basic software development, coding, and programming languages used in blockchain development.
• Staying up to date with industry-specific news.
• Networking with cryptocurrency professionals.
• Getting certified in your relevant field.
• Applying for jobs that best fit your experience, educational background, and expertise.

Is Cryptocurrency a Good Career?

For people who wish to succeed in their field and become well-known, a job in cryptocurrency is ideal. There are many chances for career development and excellent mentorship programs to shape the professional future.

What Kind of Jobs Are Available in The Crypto Industry?

The most well-liked and sought-after roles in the crypto industry:

• Blockchain Developer
• Cyber Security Architect
• UI/UX Designer
• Smart Contract Engineer
• Quant Trader
• Cryptocurrency Analyst
• Human Resource Manager
• Content Writer
• Graphic Designer
• Customer Services Agent

What Skills Are Required for Crypto Jobs?

These are the skills most valued by crypto companies all over the world. The individual should have:

• Comprehensive understanding of Blockchain
• Complete knowledge of Smart Contracts and Coding
• Thorough understanding of Security and Cryptography
• Solid Understanding of Data Analysis
• Good Communication Skills
• Strong Analytical Skills
• The Capacity to Be a Team Player

What Is the Salary Range for Cryptocurrency Jobs?

The salary range for jobs in cryptocurrency companies varies according to the role, degree of responsibility, and applicant experience. A position in the crypto sector may pay between $42K and $212K on average per year.

How Do I Get a Job in Cryptocurrency?

Here is how you do it:

• Identify your area of interest.
• Acquire the skills.
• Get certified if necessary.
• Apply for jobs from a resourceful and trustworthy crypto job board.
• Create a cover letter and update your resume to showcase your skills and projects.
• Ace your interview and enjoy your work!

What Are the Benefits of Working in The Cryptocurrency Industry?

The benefits of working in the cryptocurrency industry include

• High demand for technical and non-technical positions in Web3, blockchain, and crypto companies.
• The compensation for the technical and non-technical positions is higher than most occupations.
• There is rapid growth potential for those with experience working in a similar position and a passion for crypto and Web3.
• The work environment is great, with flexibility and options for remote work.
• Hands-on experience with cutting-edge technologies is part of the job, and you get to be at the forefront of pushing the boundaries of innovation with other like-minded people.

What's The Difference Between Blockchain Jobs, Crypto Jobs, and Web3 Jobs?

Here are the differences between crypto jobs, blockchain jobs, and Web3 jobs.

• Focus on cryptocurrencies, tokens, digital assets and more.
• Positions in this industry focus on investing, managing crypto funds, trading, and developing DeFi (decentralized finance) applications.
• Common jobs include Fund Managers, DeFi Developers, Crypto Traders, Analysts, and more.
• Blockchain jobs deal with the actual blockchain technology.
• Positions in this industry focus on developing smart contracts, enhancing distributed ledger technology, and maintaining or building blockchain platforms.
• Common jobs include Blockchain Developers, Blockchain Researchers, Blockchain Architects, and Blockchain Engineers.
• Focus on the overall Web3 ecosystem with an emphasis on creating a decentralized internet with the help of blockchain technology.
• Positions in this segment focus on creating Web3 applications, working on metaverse, and creating decentralized autonomous organizations (DAOs).
• Common jobs in Web3 include Web Designers, Product Managers, Web3 Developers and Community Managers.

Why Was cryptojobs.com Founded?

cryptojobs.com was founded by Carl Runefelt, “The Moon,” to bridge the gap between the finest talents and top opportunities. The platform was created from the ground up to leverage the rapid growth of crypto and blockchain industries and contribute to the web3 sector in general. The vision of the company is to transform the Web3 job market by solving the most common problems and coming up with sustainable progressive solutions.

How Does the Crypto Recruitment Process Works?

• Crypto companies post jobs for their required positions on reputable job boards with detailed job descriptions that include required experience and skills.
• Candidates send in their resumes and cover letters.
• An initial screening is done based on the experience and qualifications of the candidates.
• A selection of short-listed candidates is evaluated for their technical prowess.
• An interview is held with the key people in the company, where the candidate will be quizzed and vetted to see if their skills match the company’s requirements.
• A salary offer is made, and if the negotiations succeed, the candidate is taken on board for the job.

How Can I Increase My Chances of Getting a Crypto Job?

Here's how to boost your chances of being hired in the cryptocurrency industry.

• Learn about key players in the crypto industry, such as Bitcoin, Ethereum, and DeFi protocols.
• Get familiar with cryptography smart contracts and development tools.
• Develop strong communication skills.
• Enhance problem-solving skills.
• Cultivate risk management skills.
• Focus on adaptability and continuous learning.
• Become a team player.
• Get certifications.

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How to Write a Cover Letter That Will Get You a Job

I ’ve read thousands, maybe tens of thousands, of cover letters in my career. If you’re thinking that sounds like really boring reading, you’re right. What I can tell you from enduring that experience is that most cover letters are terrible — and not only that, but squandered opportunities. When a cover letter is done well, it can significantly increase your chances of getting an interview, but the vast majority fail that test.

So let’s talk about how to do cover letters right.

First, understand the point of a cover letter.

The whole idea of a cover letter is that it can help the employer see you as more than just your résumé. Managers generally aren’t hiring based solely on your work history; your experience is crucial, yes, but they’re also looking for someone who will be easy to work with, shows good judgment, communicates well, possesses strong critical thinking skills and a drive to get things done, complements their current team, and all the other things you yourself probably want from your co-workers. It’s tough to learn much about those things from job history alone, and that’s where your cover letter comes in.

Because of that …

Whatever you do, don’t just summarize your résumé.

The No. 1 mistake people make with cover letters is that they simply use them to summarize their résumé. This makes no sense — hiring managers don’t need a summary of your résumé! It’s on the very next page! They’re about to see it as soon as they scroll down. And if you think about it, your entire application is only a few pages (in most cases, a one- or two-page résumé and a one-page cover letter) — why would you squander one of those pages by repeating the content of the others? And yet, probably 95 percent of the cover letters I see don’t add anything new beyond the résumé itself (and that’s a conservative estimate).

Instead, your cover letter should go beyond your work history to talk about things that make you especially well-suited for the job. For example, if you’re applying for an assistant job that requires being highly organized and you neurotically track your household finances in a detailed, color-coded spreadsheet, most hiring managers would love to know that because it says something about the kind of attention to detail you’d bring to the job. That’s not something you could put on your résumé, but it can go in your cover letter.

Or maybe your last boss told you that you were the most accurate data processor she’d ever seen, or came to rely on you as her go-to person whenever a lightning-fast rewrite was needed. Maybe your co-workers called you “the client whisperer” because of your skill in calming upset clients. Maybe you’re regularly sought out by more senior staff to help problem-solve, or you find immense satisfaction in bringing order to chaos. Those sorts of details illustrate what you bring to the job in a different way than your résumé does, and they belong in your cover letter.

If you’re still stumped, pretend you’re writing an email to a friend about why you’d be great at the job. You probably wouldn’t do that by stiffly reciting your work history, right? You’d talk about what you’re good at and how you’d approach the work. That’s what you want here.

You don’t need a creative opening line.

If you think you need to open the letter with something creative or catchy, I am here to tell you that you don’t. Just be simple and straightforward:

• “I’m writing to apply for your X position.”

• “I’d love to be considered for your X position.”

• “I’m interested in your X position because …”

• “I’m excited to apply for your X position.”

That’s it! Straightforward is fine — better, even, if the alternative is sounding like an aggressive salesperson.

Show, don’t tell.

A lot of cover letters assert that the person who wrote it would excel at the job or announce that the applicant is a skillful engineer or a great communicator or all sorts of other subjective superlatives. That’s wasted space — the hiring manager has no reason to believe it, and so many candidates claim those things about themselves that most managers ignore that sort of self-assessment entirely. So instead of simply declaring that you’re great at X (whatever X is), your letter should demonstrate that. And the way you do that is by describing accomplishments and experiences that illustrate it.

Here’s a concrete example taken from one extraordinarily effective cover-letter makeover that I saw. The candidate had originally written, “I offer exceptional attention to detail, highly developed communication skills, and a talent for managing complex projects with a demonstrated ability to prioritize and multitask.” That’s pretty boring and not especially convincing, right? (This is also exactly how most people’s cover letters read.)

In her revised version, she wrote this instead:

“In addition to being flexible and responsive, I’m also a fanatic for details — particularly when it comes to presentation. One of my recent projects involved coordinating a 200-page grant proposal: I proofed and edited the narratives provided by the division head, formatted spreadsheets, and generally made sure that every line was letter-perfect and that the entire finished product conformed to the specific guidelines of the RFP. (The result? A five-year, $1.5 million grant award.) I believe in applying this same level of attention to detail to tasks as visible as prepping the materials for a top-level meeting and as mundane as making sure the copier never runs out of paper.”

That second version is so much more compelling and interesting — and makes me believe that she really is great with details.

If there’s anything unusual or confusing about your candidacy, address it in the letter.

Your cover letter is your chance to provide context for things that otherwise might seem confusing or less than ideal to a hiring manager. For example, if you’re overqualified for the position but are excited about it anyway, or if you’re a bit underqualified but have reason to think you could excel at the job, address that up front. Or if your background is in a different field but you’re actively working to move into this one, say so, talk about why, and explain how your experience will translate. Or if you’re applying for a job across the country from where you live because you’re hoping to relocate to be closer to your family, let them know that.

If you don’t provide that kind of context, it’s too easy for a hiring manager to decide you’re the wrong fit or applying to everything you see or don’t understand the job description and put you in the “no” pile. A cover letter gives you a chance to say, “No, wait — here’s why this could be a good match.”

Keep the tone warm and conversational.

While there are some industries that prize formal-sounding cover letters — like law — in most fields, yours will stand out if it’s warm and conversational. Aim for the tone you’d use if you were writing to a co-worker whom you liked a lot but didn’t know especially well. It’s okay to show some personality or even use humor; as long as you don’t go overboard, your letter will be stronger for it.

Don’t use a form letter.

You don’t need to write every cover letter completely from scratch, but if you’re not customizing it to each job, you’re doing it wrong. Form letters tend to read like form letters, and they waste the chance to speak to the specifics of what this employer is looking for and what it will take to thrive in this particular job.

If you’re applying for a lot of similar jobs, of course you’ll end up reusing language from one letter to the next. But you shouldn’t have a single cover letter that you wrote once and then use every time you apply; whatever you send should sound like you wrote it with the nuances of this one job in mind.

A good litmus test is this: Could you imagine other applicants for this job sending in the same letter? If so, that’s a sign that you haven’t made it individualized enough to you and are probably leaning too heavily on reciting your work history.

No, you don’t need to hunt down the hiring manager’s name.

If you read much job-search advice, at some point you’ll come across the idea that you need to do Woodward and Bernstein–level research to hunt down the hiring manager’s name in order to open your letter with “Dear Matilda Jones.” You don’t need to do this; no reasonable hiring manager will care. If the name is easily available, by all means, feel free to use it, but otherwise “Dear Hiring Manager” is absolutely fine. Take the hour you just freed up and do something more enjoyable with it.

Keep it under one page.

If your cover letters are longer than a page, you’re writing too much, and you risk annoying hiring managers who are likely sifting through hundreds of applications and don’t have time to read lengthy tomes. On the other hand, if you only write one paragraph, it’s unlikely that you’re making a compelling case for yourself as a candidate — not impossible, but unlikely. For most people, something close to a page is about right.

Don’t agonize over the small details.

What matters most about your cover letter is its content. You should of course ensure that it’s well-written and thoroughly proofread, but many job seekers agonize over elements of the letter that really don’t matter. I get tons of  questions from job seekers  about whether they should attach their cover letter or put it in the body of the email (answer: No one cares, but attaching it makes it easier to share and will preserve your formatting), or what to name the file (again, no one really cares as long as it’s reasonably professional, but when people are dealing with hundreds of files named “resume,” it’s courteous to name it with your full name).

Approaching your cover letter like this can make a huge difference in your job search. It can be the thing that moves your application from the “maybe” pile (or even the “no” pile) to the “yes” pile. Of course, writing cover letters like this will take more time than sending out the same templated letter summarizing your résumé — but 10 personalized, compelling cover letters are likely to get you more  interview invitations  than 50 generic ones will.

• ‘I Had a Great Job Interview — Why Haven’t I Heard Back?’
• How to Answer ‘Tell Me About Yourself’ in a Job Interview

I quit my director job at Goldman Sachs to start my own company. There's always a cap if you're an employee.

• Hong Yea spent 10 years as a trader but always had dreams of starting his own business.
• Yea quit his director job at Goldman Sachs to start a crypto company, just as the industry tanked.
• He had doubts, alongside everyone else, but a Korean proverb spurred him to pursue his startup.

This as-told-to essay is based on a conversation with Hong Yea, a 36-year-old CEO and cofounder of GRVT. It has been edited for length and clarity.

In 2018, after five years of working in security lending at Credit Suisse, I started pondering what I wanted to do with my life. I was 30, living in Hong Kong. Did I want to keep working as a trader or do something completely different?

Around that time, a Goldman Sachs recruiter in Hong Kong approached me to work for them. After an interview, they offered me a job. I wasn't convinced I wanted to stay in banking, so I declined.

I took a two-week trip to Canada to meet with a good friend who worked at Amazon. If I was going to leave trading and start something new, I needed to be convinced by an idea or industry I could immerse myself in.

After two weeks of brainstorming with my friend, I didn't love anything we came up with. Luckily, Goldman hadn't filled the role, so I started working for them in November 2018.

Working at Goldman Sachs would always be limiting

I liked working as a trader at Goldman, but it wasn't fulfilling. I had this passion to start a business I couldn't let go of.

I worked at Goldman from November 2018 to July 2022. During that time, I started several side projects, including a restaurant and a home import service. I slowly realized that working for Goldman or any company, the end goal is limited to possibly being a partner. There's a cap.

I was promoted to executive director in 2019. The next step at the firm was managing director, a role with significantly more responsibility and compensation. I knew I'd struggle to walk away from my team and the money.

If I wanted to build something of my own, I needed to leave before reaching that point.

The 3 essentials for leaving my job

By 2020, I was seriously considering leaving my job to start my own business. But before I went out alone, I needed my new venture to be positioned in a fast-growing industry, have a business idea I knew I could contribute to and excel at, and have good co-founders to help me run the business.

I started researching crypto and blockchain in 2021. I'd invested in crypto since 2018 but wasn't that into it. But in 2021, the market was booming. I looked at the technology more closely, and it seemed applicable to the financial systems I was familiar with.

I booked a ticket to a crypto conference in February 2022 in Barcelona to learn more. The conference convinced me this was the industry to be in. There were many "crypto natives" there, but I saw a lack of traditional finance expertise. It felt like was a big opportunity for me to get in early.

When I got home, I spoke with two friends, Matthew and Aaron. Matthew was a trustworthy friend with a strong blockchain background. He'd introduced Aron to me as the best engineer he knew. I suggested we look into the decentralized finance space and see what improvements we could make, and they were on board.

I had all three requirements I'd set out to leave Goldman.

We started a crypto company weeks before the crash

By April 2022, we all decided to quit our jobs and dive full time into creating GRVT (pronounced gravity).

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GRVT would be a self-custodial cryptocurrency exchange designed to give users complete control over their assets. Basically, it would be a system to create more secure crypto trading and protect investors from third parties defaulting on their payments.

I had enough savings to cover my rent and living expenses for a year and other non-cash assets that I could leverage if needed.

For me, it didn't matter how much I'd saved. The key was having a team and project I felt confident could raise sufficient funds. Now we had that. There was no turning back.

I was working from Singapore in early May 2022. I emailed my boss in Hong Kong to say I was resigning. When I followed up on the phone with him, he said he was coming to Singapore a week later and wanted to talk with me in person.

At the same time all this was happening, Luna Crypto, followed by the crypto market, crashed.

The crypto industry had been decimated, and I'd lost around two-thirds of my savings in cryptocurrency. I couldn't help questioning my decisions. It was a really fragile time in my life.

When I told my parents and friends I had resigned from Goldman to start a career in the cryptocurrency industry, they were concerned. Many people asked why I'd leave Goldman for crypto during a crash.

"It is the best time to build when things are crashing as long as you have the conviction that industry will grow because it's the time when the fewest others will be building," I said in response to their worried questioning.

A Korean proverb inspired me to stick to my guns

My boss flew into Singapore and met with me. "Are you sure you don't want to come back," he asked me, half serious, half joking.

But after talking to my fiancé, I decided to stick with my plan. She reminded me of a Korean proverb: "If you've drawn your sword, you need to slay something before you put it back." I'd been careful and made all the right assessments. Even if the markets were tanking, I was committed.

In the following months, we focused on building and getting investor funding. It was the worst time to raise because no one was looking to crypto. It was daunting, and stressful, and required a lot of self-convincing.

In October 2022, we pivoted away from lending toward building a safer hybrid trading platform: a crypto derivatives exchange. That's when we started receiving our first proper investments.

It felt like the industry was entering a no-return stage after FTX

When FTX filed for bankruptcy in November 2022, it confirmed that we were building something the industry needed.

If you trust your funds to an exchange, they have full control over their management. GRVT solves that problem. User funds are never controlled by a third party. You always have control of the funds in your own wallet and trade through your own wallet.

After the FTX crash, there were moments when I thought the industry was entering a no-return stage because the sentiment was so negative.

The technology we believed in — blockchain and smart contract-based risk management — could be the answer to preventing future incidents like this. That conviction kept us going through the toughest times.

Since the FTX crash, things have gone up for us

We've raised about $9.3 million, which is pretty decent for seed rounds at the worst time. We're a team of 26 building what I think is the future of exchanges. We're looking to launch in the next two months. Over 2 million people are registered on our waiting list, and we have 500,000 followers on X .

Achieving these milestones step by step is exciting for myself and the team, even if we've built it through the worst times.

I wanted to dream up something big enough that when I fulfilled it, it felt so much better than working for a company. We weathered the storm, and it feels incredibly rewarding.

Watch: Microsoft CEO unravels ChatGPT, ethical AI, and going bust

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Letters to the Editor: Alvin Bragg simply did his job, and Trump's followers are furious about that

To the editor: Scott Jennings' attempt to prove a political motivation for the prosecution by the Manhattan district attorney’s office because neither the Department of Justice nor the Federal Election Commission pursued prosecution is deceptive reasoning. (" The guilty verdict only makes Donald Trump stronger ," Opinion, May 30)

The proper standard is whether the prosecutor can obtain a conviction based on the evidence. If the Manhattan district attorney believed he had evidence to convict but did not pursue prosecution merely because the federal government did not, that decision could have been suspect as a political decision.

By obtaining unanimous verdicts on all 34 counts, the Manhattan district attorney proved he was just doing his job.

Donald Payne, Santa Ana

To the editor: We must all applaud the courage of 12 citizens who discerned the truth "beyond a reasonable doubt" despite the obfuscation.

Given the history of former President Trump's MAGA followers to threaten anyone who goes against this now-convicted felon, we owe a huge debt of gratitude to these jurors.

The rule of law still stands. Bravo and blessings on the jurors.

Eileen McDargh, Dana Point

To the editor: Jennings illustrates the problem with media that has led to the political dominance of Trump and his ilk.

Normalizing and justifying Trump’s criminal activities by claiming that no one else would be prosecuted or convicted for his fraudulent cover-up of adultery, in service of influencing an election, is like saying that Al Capone should not have been taken off the streets through his indictment for tax evasion.

Whatever legal means it takes to remove this proven criminal and traitor from public influence is a moral and ethical imperative for America and democracy.

Steve Leyton, Palmdale

To the editor: As a longtime reader, I have always commended The Times for its fact-based reporting and extensive coverage of important events. I know that opinion columnists give their view, and although I might disagree with Jonah Goldberg, I can still appreciate his perspective.

The same isn't true for Jennings, a former Republican operative whose commentary often appears in The Times.

He manipulates facts and bases them on half truths. He specializes in false comparisons. I have no problem with hearing views from the other side as long as the authors are honest and not dabbling in false equivalences.

Richard Kaufman, Irvine

This story originally appeared in Los Angeles Times .

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5 Ways Fraudsters May Lure Victims Into Scams Involving Crypto Asset Securities – Investor Alert

The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert because fraudsters continue to exploit the popularity of crypto assets to lure retail investors into scams. Crypto assets may include assets commonly referred to as cryptocurrencies, crypto, coins, and tokens.

Fraudsters often use innovations and new technologies to perpetrate investment scams, and this has been the case with crypto asset securities-related investments. While federal and state regulators continue to bring  enforcement actions in this space , recovering money from the fraudsters can be difficult because it can be challenging to trace and recover funds. For example, fraudsters can use technology to obscure their identities or hide the trail of funds using crypto assets. Recovering your investment from a crypto asset-related scam can also be difficult because fraudsters can quickly send your funds overseas.

Fraudsters use a variety of techniques to convince investors to hand over their hard-earned money. Here are five things you should watch out for to avoid losing your money to a scam involving crypto assets.

Fraudsters Connect With You on Social Media Platforms or Through a Supposedly Accidental Text Message, and Then Gain Your Trust.

Fraudsters may initiate contact with potential victims on social media platforms — including professional networking, dating, and messaging websites/apps — or through unsolicited text messages. They may pretend to be an old friend or claim to have contacted you accidentally. The fraudster may quickly move communications with you away from the initial platform. The fraudster may then initiate a friendship or romantic relationship with you to build trust and convince you to invest your money before disappearing with your funds. These relationship confidence scams are sometimes referred to by a term that is as unpalatable as the fraudsters’ conduct — “pig butchering scams.”

One way this type of scam can play out is that after a fraudster has established an online relationship with you, the fraudster may claim to know about lucrative investment or trading opportunities, including investments involving crypto assets. The fraudster may even indicate that a relative or friend works at a financial firm or is an “insider” and therefore is able to provide trading information. The fraudster may direct you to a legitimate-looking (but fake) website or to a widely-used app that can be downloaded from a well-known app store, make it look like you have profited, and even allow you to withdraw a small amount of “profits,” further gaining your trust. The fraudster may then ask you to invest larger sums of money. When you want to withdraw your funds, the fraudsters often come up with an excuse why that is not possible, or they may tell you for the first time that you must pay more to cover fees or taxes. Frequently, there is no way you will recover your investment or any “profits” so paying additional funds only causes you to lose more money.

For anyone you have met solely online or through an app:

• Do not make investment decisions based on their advice or solicitation. Note that fraudsters may direct you to get Bitcoin at a Bitcoin ATM (or kiosk) or through a crypto platform in order to make investment deposits, and then tell you where to send that Bitcoin. Keep in mind that an investment may not be legitimate if you are required to pay for it with crypto assets.  
• Do not share with them any information relating to your personal finances or identity. Do not given them anything like your bank or brokerage account information, tax forms, credit card, social security number, passport, driver’s license, birthdate, or utility bills.

Fraudsters Exploit the Hype Around Emerging Technologies Such as Artificial Intelligence (AI).

Fraudsters may use the growing popularity of artificial intelligence (AI) as a hook for luring investors into crypto asset securities-related investments. It might seem exciting to invest in crypto asset-related investments that have a connection to AI, but be careful. Fraudsters often use the hype around new technological developments, like emerging AI technologies, to lure investors into scams. Fraudsters may use catchy AI-related buzzwords and make claims that you will make a lot of money when their only intention is to steal your money. They may claim to deploy bots that use AI to find the best crypto asset-related investments.

Fraudsters also may use AI technology itself to produce realistic looking websites or marketing materials to promote investment scams, including crypto asset-related investment scams. Similarly, they may use AI technology to create “deepfakes” — cloning, altering or faking voices, images, and videos to deceive investors. They may even create deepfakes of celebrities, government officials, or your loved ones in order to gain your trust or to convince you to send funds.

Fraudsters Impersonate or Exploit Trusted Sources.

Be aware that communications — including phone calls, voicemails, text messages, messages via social media, emails, letters, and certificates — may falsely appear to be from official U.S. government sources, including the SEC. If you receive a communication that appears to be from the SEC, do not provide any personal information until you have verified that you are dealing with someone from the SEC , and not an impersonator.

AI technology has made it even easier for fraudsters to impersonate government agencies, organizations, and individuals in luring investors into scams. Fraudsters may even impersonate your friends or family members using AI technology to create deepfakes. They also may hack your friends’ or family members’ social media accounts, and then post or send messages pretending to be from them. For example, they may post that your friend or family member has become a crypto asset expert and seeks friends to join in trading or investing.

Even if you are certain that an investment pitch is coming from a friend or family member, keep in mind that they may have been fooled into believing that the investment is legitimate when it is not. Sometimes fraudsters target communities or groups by recruiting leaders or others to pitch an investment without them knowing that the “opportunity” is a scam.

Fraudsters May Pump Up the Price of a Crypto Asset and Then Sell at Your Expense.

Fraudsters may conduct pump-and-dump schemes with crypto assets, including so-called “memecoins” that refer to popular culture or internet memes. For example, fraudsters may create a memecoin and then tout it on social media – sometimes in what they refer to as a “pre-sale” – to get others to buy and “pump” up, or increase, its price. Then the promoters or others working with them “dump,” or sell, before the hype ends, profiting from the pumped up price. Typically, after the promoters sell and take their profit, the price decreases rapidly, and everyone else who bought the tokens loses most of their money. Never make investment decisions based solely on information from social media platforms or apps.

Fraudsters Demand Additional Costs That They Falsely Claim Will Allow You to Withdraw From Your Account, or to Recover Losses.

In investment scams, including ones that involve crypto asset securities, fraudsters may demand that you pay additional costs, fees, or taxes to withdraw money from your account. This is an example of an advance fee fraud , where investors are asked to pay a bogus fee upfront before receiving anything. For example, fraudsters may falsely tell you that your account has been frozen by a regulator or because a regulator is investigating your account. They may ask you to pay a large deposit, fee, or sum of taxes to unfreeze your account. If you pay, however, you are unlikely to receive your initial investment and will also lose the additional payment.

Another way fraudsters may trick you into paying additional costs is by telling you they “mistakenly” deposited money into your account and ask you to refund the money. They never actually put money in your account – it’s just a ploy to convince you to give them more money.

Fraudsters also may target you if you already have lost money or crypto assets due to bankruptcy or a scam. They may ask you to send them the private key to access your crypto assets, or to put in additional money or crypto assets, offering to “help” you recover what you lost. In reality, if you pay, you likely will not get back what you put in and will instead have been scammed again.

Don’t get caught up in the fear of missing out (FOMO) on a purported investment opportunity that seems new or “cutting-edge.” If you are considering an investment involving crypto asset securities, look out for the tactics described above and other warning signs of an investment scam .

Additional Information

Exercise Caution with Crypto Asset Securities: Investor Alert

Social Media and Investment Fraud – Investor Alert

Artificial Intelligence (AI) and Investment Fraud: Investor Alert

Digital Asset and “Crypto” Investment Scams – Investor Alert

Report possible securities fraud to the SEC.  Ask a question or report a problem  concerning your investments, your investment account or a financial professional.

Visit  Investor.gov , the SEC's website for individual investors. Receive Investor Alerts and Bulletins from OIEA by  email  or  RSS feed .

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He Emptied an Entire Crypto Exchange Onto a Thumb Drive. Then He Disappeared

Faruk Özer just started a 11,196-year prison sentence. Did he almost get away with the biggest heist in Turkey’s history, or was it all just a big misunderstanding?

Jenna Scatena

Faruk Fatih Özer stood in front of a passport control officer at Istanbul Airport, a line of impatient travelers queuing behind him. He pulled his face mask below his chin for the security camera. Surely he was nervous. The 27-year-old had unruly black hair, a boy-band face, and a patchy beard. Normally he overcompensated for his callow features by dressing in a pressed three-piece suit. But this spring day he wore black trainers and a navy-blue sweater hastily pulled over a white polo shirt, as if he had dressed in a dash. A small backpack was slung over his right shoulder. He looked like someone who could have been going on a last-minute day trip—or someone planning to never come back. At 5:57 pm on April 20, 2021, the guard stamped his Turkish passport and Özer shuffled through the crowd to Gate C, a flash drive containing a rumored $2 billion in crypto stashed in his belongings.

After Özer’s plane reached Tirana, Albania, at 9:24 that night, he checked into the Mondial, a popular 4-star business hotel in the capital’s commercial district. A couple of days later, he looked at his social media accounts. A mob was very angry with him: Customers couldn’t access their money on the exchange Thodex, where he was founder and CEO, and people were accusing him of absconding with their funds.

Özer posted a public letter to his company’s website and his social accounts. “I feel compelled to make this statement in order to respond urgently to these allegations,” he wrote. The accusations weren’t true, he said. Thodex—which had nearly half a million investors and $500 million in daily trade volume—was investigating what Özer claimed was a suspected cyberattack that caused “an abnormal fluctuation in the company account.” Assets would be frozen for five days while Thodex resolved the issue. This was terribly bad timing for the big business deal he said he was en route to make: selling the company, or so he had told some employees and his brother and sister before he left. All would be made right. “There will be no victims,” he promised. “I personally declare that I will return to Turkey within a few days and ensure that the facts are revealed in cooperation with judicial authorities and that I will do my best to prevent users from suffering.” Of course, there was this possibility too: He was in the midst of pulling off the biggest heist in Turkey’s history.

By Joseph Cox

By Matt Burgess

By Marah Eakin

Before dawn the day after Özer posted the letter, police squads fanned out across Istanbul and public prosecutors opened an investigation. Law enforcement arrested 62 people, including Thodex employees at all levels of the company—and Özer’s older brother and sister, Güven and Serap. Interpol issued a red notice, a request for law enforcement worldwide to find and “provisionally arrest” Özer pending his extradition to Turkey. Search teams deployed across Albania, Montenegro, Kosovo, and North Macedonia. There were reported sightings of the dark-haired young man across Tirana, rumors that he had gone to a poultry farm, that an executive from the Albanian football league was sheltering him. Soon, the Albanian police arrested people accused of aiding and abetting him. But no one seemed to know exactly where Özer was.

Özer had vanished at a particularly precarious time in crypto’s annals: In the weeks leading up to his disappearance, so-called rug pulls —when a cryptocurrency exchange or altcoin developer absconds with investors’ funds—had crypto investors around the globe flabbergasted. The CEO of Mirror Trading International , a crypto trading company based in South Africa, defrauded users of more than $1 billion, then skipped town; TurtleDex, an anonymous decentralized finance storage project on Binance , reportedly vanished with $2.4 million; another decentralized finance project, Meerkat , reportedly fleeced investors out of $31 million (of which they paid back 95 percent). Blockchain analysis firm Chainalysis ranked rug pulls as the primary scam of 2021 , accounting for 37 percent of all cryptocurrency scam revenue that year, up from 1 percent the year before.

Thodex was at the top of that roster, and nearly every major outlet from Bloomberg to Newsweek published headlines like “Turkish Crypto Exchange Goes Bust as Founder Flees Country” and “Turkish Cryptocurrency Founder Faruk Fatih Özer Seen Fleeing Country With Suspected $2 Billion From Investors.” CoinGeek called it “the biggest scam in the digital asset industry in 2021.” The New York Times ’ headline read, “Possible Cryptocurrency Fraud Is Another Blow to Turkey’s Financial Stability.” In Turkey, the country I now call home, people were reeling: For years, crypto had been built up—largely by Özer but by others too—as a way out of economic volatility. Now it seemed like just another way to lose your life savings. But something felt off to me, like the whole story wasn’t being told.

Faruk was born in February 1994, the youngest of three. He was inseparable from his brother, Güven, and sister, Serap. They grew up camping, playing video games, and cooking together. Friends always pointed out their shared sense of humor. His parents ran a print and copy shop in the city of Kocaeli, down the street from their house. They were observant Muslims who gave their children meaningful names: “trust” (Güven), “mirage” (Serap), and “the one who distinguishes between right and wrong” (Faruk).

Kocaeli is an industrial port town about 100 kilometers east of Istanbul surrounded by a checkerboard of tobacco and sugar beet fields, petrochemical plants, and paper mills. Roman emperors once lived there, and their crumbling fortress walls still wind through the landscape. After the Ottoman Empire collapsed, Kocaeli became a manufacturing boomtown, and its residents muscled the newly minted Republic of Turkey into the Industrial Revolution.

When Özer was born, Turkey’s economy was in a tailspin. A fragile financial system, irresponsible borrowing, and political corruption had triggered a brief period of triple-digit inflation. The lira’s volatility threatened the savings of its entire population. So many people moved their domestic assets to foreign-currency deposits that, by the end of the year, an astonishing 50 percent of bank deposits in Turkey were in a foreign currency. The year before, that figure was just 1 percent.

That same month Özer was born, a charismatic orator with a sympathetic gaze and push-broom mustache began campaigning through Istanbul’s streets in a paisley kipper tie. Recep Tayyip Erdoğan railed against the secular elite who had led the country to near economic collapse. A devout Muslim, he walked the streets of his home neighborhood, Kasımpaşa, a hardscrabble district where he grew up selling simit, or sesame bread, promising reform. In an upset election, he coasted into the role of mayor of Istanbul.

Around the same time, two Turkish business moguls launched Turkcell, the nation’s first mobile communication system. (This was a year and a half before the same technology was released in the US.) By 2003, Erdoğan was elected prime minister, kicking off a decade of unprecedented growth that foreign observers called Turkey’s “Silent Revolution.” In a turn away from his predecessors, he governed through the lens of a businessman, inaugurating a massive building boom across the country and ultimately wrangling Turkey’s rampant inflation. His pro-business rhetoric boosted the middle class and set Turkey on a path to European Union membership.

Özer also caught the spirit of entrepreneurship at an early age. As a teenager in the mid-aughts, he worked after-school shifts at his parents’ print shop. “Ever since I was a child, I wanted to do my own business, no matter what sector it was,” he said. At the end of his second year in high school, he decided that further study would not lead him to that dream, so he dropped out.

By 2013, Turkey’s gross domestic product had nearly tripled, the lira hovered just above the dollar, and the country was negotiating entry into the EU. BtcTurk, Turkey’s first crypto exchange (and reportedly the world’s fourth), was preparing to launch. Then, in May of that year, a group of activists gathered at Gezi Park in Istanbul to protest plans to redevelop it into a shopping mall with Ottoman-era architecture. They bridled not only at the loss of green space but also at the glorification of Turkey’s Islamist past in a society that called itself secular. Police brutally cracked down on the protesters, sparking a nationwide movement. Within weeks, more than 3 million people had taken part in the demonstrations, their frustration now encompassing the growing authoritarianism of Erdoğan’s government. Thousands were injured, and at least five died. Özer had just turned 19. In the following years, Erdoğan tossed a record number of journalists in jail and censored the internet, and foreign investors recoiled.

Around that time, Ismail H. Polat, an expert in engineering, information tech, and new media, was the first person to cover crypto on his YouTube channel. Now a lecturer at Istanbul’s Kadir Has University, the way he tells it, crypto was about trying to be financially free. In those early days, he says, “it was not the coin, but the spirit.” (After all, bitcoin was worth only $77 at the time.) For young people who felt that Erdoğan had pulled the rug out from under them, whether they knew it explicitly or not, crypto was a new way to protest.

At the same time, Özer’s generation was watching as tech startups were taking off around the world. Facebook had bought Instagram for $1 billion, and that spurred entrepreneurs to begin churning out apps. A lot of them were gaming-focused; Candy Crush brought in $1.5 billion in revenue in 2013. The Özers took note.

By then, Turkcell had become one of the world’s largest companies. Turkey’s mobile infrastructure and smartphone adoption rate became one of the fastest growing in the world. Polat credits this as the foundation for what came next: The dream began to shift from mere employment to entrepreneurship. Güven cofounded a company called Inline Yazılım; Faruk started one called Inline Teknoloji a few years later and another called Game Bridge after that. The brothers figured out how to crank out chintzy apps—cut-and-paste washboard abs for Instagram photos (pre-vanity-filters era) and addictive gambling games. “I started to sell almost every product that I thought could make a profit on the internet,” he told me. “This is how I took my first step into business life.”

By 2017, 14 years into Erdoğan’s rule, Turkey’s economy had come full circle. Erdoğan’s unorthodox economic policies—repeatedly cutting interest rates—were supposed to raise investment and make Turkey less dependent on foreign powers. Instead they led the country into an economic crisis; the value of the lira hit the skids, and after a failed coup attempt in 2016 people figured it would only get worse. Just as they had 23 years earlier, citizens began searching for places to shelter their money. Voilà, 2017 was also the first year bitcoin’s value shot sky high, from $9,000 to $20,000. Global trade volume also skyrocketed from $99 million to $16 billion.

Being early investors in tech wasn’t something that had historically been available to the average person in Turkey. The instant millionaires and billionaires and unicorns pretty much lived elsewhere. Now, Faruk Özer saw a possibility. People in Turkey could shelter their money in what was clearly going to be the next big tech boom. But the biggest opportunity wasn’t in trading coins—it was in running a cryptocurrency exchange. Exchanges collect people’s money and, for a commission, invest it; that gives people who don’t have the time or skills to invest directly into the blockchain a pathway to crypto. Users who go through an exchange don’t even have their own digital wallets; their money is stored until they withdraw it. (Hence the industry warning: “Not your wallet, not your coins.”)

“During conversations with friends, we realized the deficiencies in the cryptocurrency exchange sector in Turkey and that the market was open to new players,” Özer said. There were no regulations on running a cryptocurrency exchange; Özer could open one easier than he could open a simit stand. He could become rich. Everybody might become rich. So at the age of 23, Özer founded Thodex with 40,000 lira—around $11,100 at the time—of his own money. Soon, Serap began working for Özer as a company accountant; Güven too seemed to be around a lot, but his ties were unofficial.

Using a playbook from Silicon Valley, Özer began spreading the gospel of crypto around Turkey. By this time, there were a few other notable exchanges, but Özer gave crypto a face and a ubiquitous presence. He put up ads on billboards and at bus stations; he installed Turkey’s first bitcoin ATM in a luxury mall in Istanbul’s posh Nişantaşı neighborhood, more as a stunt than anything. In a TV interview, he explained, “People realized that it is a technology that they can turn into cash at any time. One of the most important helping tools in the spread of this perception was undoubtedly bitcoin ATMs.” He aired television commercials pushing Thodex, featuring a dozen Turkish celebrities, including actress Pınar Deniz and pop star Simge. That caught the attention of Turkey’s middle and upper classes.

Soon, Özer was ingratiated into the upper echelons of Turkish society. He was invited to sit on the board of organizations such as Blockchain Turkey, a respected crypto nonprofit in Istanbul, alongside the country’s biggest bankers. He was attending private meetings with Turkey’s highest ministers. He appeared regularly on news channels and in tech blogs. At one point, Thodex was hacked for many millions of lira (supposedly $14 million US), allegedly from an IP address in China. Özer says he compensated the customers’ losses out of his own pocket and reported the theft to the Istanbul Public Prosecutor’s cybercrime unit. Experts from regulating agencies audited Thodex’s financial infrastructure—and Özer claimed they gave the company a clean bill of health. (Though that couldn't be confirmed.)

Istanbul began to feel like Las Vegas. Dazzling billboards and banners hawking crypto coins were everywhere. Backgammon cafés, where old men have been drinking tea and talking politics for centuries, buzzed with crypto gossip. Signs appeared on barber shops and storefronts advising customers that they could pay with bitcoin. Bitcoin booths opened in the Grand Bazaar, next to the gold-trading stalls where people once sheltered their money when empires collapsed. By 2020, Turkey had more people using cryptocurrency than almost anywhere else in the world. Istanbul had concluded a sweeping economic metamorphosis, from a historic trading post to an information technology leader to one of the top mobile gaming centers on the planet. And finally to a cryptocurrency capital. Crypto “transformed into a national mindset” among young people, Polat says.

He added, though: “Money is an agreement between a government and its society in terms of national unity. But on the other side of the medallion, if everyone leaves the fiat—if everyone leaves the social agreement of their nation—it could derail the world.”

In 2020, Thodex moved into a sprawling high-rise in Kadıköy, a chockablock district on the Asian side of Istanbul. It had a big open floor plan and views of the Marmara Sea. Thodex was now the fastest-growing and second-largest cryptocurrency exchange in Turkey. In the office, Özer had a reputation for keeping to himself. His 85 employees, most of whom applied for their jobs at Thodex through ads on platforms like LinkedIn, say they were paid on time, received bonuses, got their time-off requests approved quickly, and enjoyed the Thodex-branded coffee mugs and other swag. But the young man in charge clearly had some bluster. One former employee told me Özer’s avatar on the in-house messaging system was an image of Leonardo DiCaprio’s character from The Wolf of Wall Street .

Like any CEO, Özer wanted to make it as easy as possible for customers to spend money on his products. He started a customer service center called Thodex Academy that offered an introductory guide to cryptocurrencies for new investors. He offered scandalously cheap commission rates, so low that industry experts were stumped as to how Thodex could be making a profit. The company also allowed people to buy crypto via credit cards; at times that was money an investor didn’t really have, but the hope was that a coin’s value would go up faster than the interest accrued on the card. (The US Securities and Exchange Commission was alerting the public to avoid crypto exchanges promoting the practice.)

Özer was also intent on taking Thodex global. In 2020, the company secured a money services business license from the US Treasury’s Financial Crimes Enforcement Network. Özer endlessly paraded it around like a trophy, touting it in news interviews, on Thodex’s website, and on social media. Like the audit a few years earlier, the license seemed to prove that Thodex was legit—that it had passed all the record-keeping and anti-money-laundering checks, that it was a company people could trust.

By March 2021, 16 percent of people in Turkey were using crypto, putting the nation in the top five for crypto use, along with Nigeria, Vietnam, the Philippines, and Peru—all countries with struggling economies.

The value of the lira, meanwhile, was at a historic low—as was Erdoğan’s approval rating . In April, Turkey’s Central Bank announced a ban on the use of crypto for purchases or services, set to go into effect later that month. This sent a shock wave across the global crypto market . (Bitcoin’s value dropped 4.6 percent.) The central bank issued a statement saying bitcoin could “cause non-recoverable losses.” It also said bitcoin’s use could undermine confidence in the lira. The bank and Erdoğan promised more regulations to follow. Özer’s entire empire was under threat.

Özer had, for a few months, been running a PR blitz for Thodex’s fourth birthday, giving away iPhones, PlayStations, a Porsche Panamera, and Dogecoins. It worked—sort of. Thodex’s trade volume reportedly climbed to $538 million. At the same time, the price of bitcoin soared again, reaching a high of $63,000. If there ever was a ripe moment to flee with Thodex’s cold wallet, this was it. Days later, Özer stood at the Istanbul Airport, a ticket to Tirana in his hands.

As “wanted” fliers with Özer’s picture went up on telephone poles across Albania, Erdoğan held a Q&A with college students from all over the country and talked about his “war” with crypto. The outlook for Thodex’s 400,000 customers was grim. So many Thodex investors had put all of their money into Özer’s company—and all of their spouses’, parents’, in-laws’, and kids’ money too. They had taken out loans and lines of credit to buy more crypto.

One investor named Mahmut—$100,000 lost—had been using Thodex for three years and was in the final stages of buying a house and car for his family. (Like so many victims, he didn’t want to use his full name, because of a heavy burden of shame.) Mahmut had tried to withdraw his money—a mixture of savings and loans—in the days before the collapse, but it never came through. He attempted suicide three times. When his 2-year-old was diagnosed with autism, Mahmut took a job as a security guard at a storage facility to help pay for services for his son. At least two other investors were reported to have died by suicide.

Then there were friends of the family; Güven and Serap had also recruited customers. One was a former colleague of Güven’s; they had worked together through an advertising agency. Güven personally made a Thodex account for this colleague. Over time the two became friends, calling each other on birthdays. About Güven, the friend told me, “He’s a nice person who likes to joke around.”

But when he saw the maintenance notice on Thodex’s website, he called Güven to ask about withdrawing his money. “His phone was off, and would never turn on again after that,” he said. “I believed in it. It had public credibility. It had a license. It had an office. Tax registration number. Employees. It checked out as a reputable company,” he said. He lost $7,900—but, worse than that, he said, “I trusted it so much that I recommended Thodex to many friends, and they all lost their money too.”

Victims formed support groups online. People were devastated about losing their life savings, but they were also plagued by the mystery of what happened to Özer; they talked about Özer haunting them in recurring dreams. People questioned how Özer—this self-made 27-year-old who didn’t quite fit the profile of a tech bro or a transnational cybercriminal—could engineer the biggest theft Turkey had ever seen all by himself.

Two months after the collapse, Sedat Peker, an infamous, self-exiled mafia boss turned YouTuber, inflamed the situation with a series of cryptic posts on his YouTube channel and Twitter, accusing Turkey’s interior minister of collusion and profiteering. (The minister denied it, but photos of Özer and him at a 2019 meeting fueled a heap of conspiracy theories.) At one point before he disappeared, Özer apparently stayed in pandemic lockdown with the son of a member of Turkey’s parliament as they prepared to launch a new digital wallet service called Hoppara. A lawyer representing some victims speculated on a phone call with me that Thodex was actually a money laundering scheme, that Özer was just a puppet, and some other power was pulling the strings. Others I spoke with echoed this theory, and more than a few people strongly cautioned me to stop my reporting. Soon I started receiving anonymous threats.

Some vigilante programmers tried to trace the blockchain to see if they could find out if this was the work of one individual, a criminal network, or a vulnerable system. (As the joke about people who steal money and blame it on hackers goes, “I lost my bitcoin in a boating accident.”) They came up short. While others looked for the money, I decided to search for Özer. He reminded me of the young founders I used to interview in San Francisco when I was covering tech in 2013—ambitious, naive, and at times loose with ethics. Also, what aspiring fugitive would say where they were absconding to and then post letters from the road? So I booked a ticket for Tirana, the last place Özer was seen.

Two days later my apartment in Istanbul was ransacked in a way that seemed like a stern message. The wood on my front door was split open by force, and the contents of every drawer and cabinet were tossed around. The lock to a safe was snipped open, its contents—expensive camera equipment and cash—remained untaken. Even a laptop on the entry table appeared untouched. I canceled the trip.

Nearly one year after he disappeared, there was no sign of Özer or the money. Rumors flew that he was no longer in Albania. He could be in a hotel in Montenegro, a yacht off Kosovo, or a tropical hideaway in Thailand, people said; or he could be locked in a Tirana basement. People told me they thought he was dead, resting in a shallow grave.

Güven and Serap idled in prison, awaiting their brother’s capture so that their trial could begin. In March 2022, Istanbul’s public prosecutor and Turkey’s Financial Crimes Board released the findings of their investigation. They painted Özer as a rapacious mountebank who used star-powered pitchmen to dupe people into funneling their savings into his criminal organization. The report asserted that, in 2017, Özer founded Thodex with the intention of operating it as a crime ring for money laundering and that every employee was a willing part of it—from the top executives down to the call-center workers who were placating customers and the social media managers who lured victims with promotions and sweepstakes.

The report traced scads of transactions through a shadowy web of financial accounts all allegedly under Özer’s control. It said that about $8 million in Thodex-held assets had been cashed out in gold bricks in Malta a few weeks before Özer’s disappearance. Özer might have escaped, but his employees and family were facing the possibility of spending many lifetimes in prison.

Just as hope of Özer’s resurfacing dwindled, the drama took a new twist: Sevgi Erarslan, a lawyer whom Özer’s father had hired initially to pay the victims back, then to represent his son in absentia, introduced herself to Twitter via a shocking tweet: She said she would refund any victims of Thodex if they legally withdrew their complaint against her client.

A wave of questions followed—where was this money coming from, and was Özer not just alive but in contact with Erarslan while wanted by Interpol? I sent her an email asking if I could speak with Özer. To my surprise, she called me immediately, saying that Özer was willing to be in touch. We began an occasional correspondence, though I often wondered if he really was the person answering my questions, if he was even really alive.

The trial went forward under a swirl of confusion and skepticism—about Özer’s whereabouts, about the large payments now being sent to victims from undisclosed sources, and about Erarslan’s legitimacy as his official lawyer. Of the 62 people who had been initially arrested, 21 were charged. On an overcast July morning, officers escorted those defendants into Istanbul’s beige brutalist courthouse, just a short walk from the Thodex headquarters where all the people on trial had once worked.

Güven wore a dark olive blazer, and his mustache was trimmed into a neat chevron. Serap sat with her back turned to him, cloaked in a trench coat pulled over a midnight black abaya. Özer’s lawyer, Erarslan, wore Turkey’s satin lawyer cloak and carried a Louis Vuitton purse. The sound of dozens of handcuffs being unhitched echoed through the cavernous room.

When Güven’s name was called, he stood, flanked by two crew-cut court officers sporting the dark irony of his name emblazoned on their vests (“Güven lik ” means “security”). He told the court that he had no official ties to Thodex. “I only come to the office for tea with my siblings,” he said. He explained how Thodex subcontracted his company for advertising services, and added: “My brother asked me to give him my personal account that I wasn’t using, so I let him use it.” Saying that his brother told him he was going to Albania to try to sell the company, he corroborated Faruk’s claim.

Without looking at her brother, Serap rose and explained that she was only an accountant; her job was to forward documents to an accounting firm. Like Güven, she had given Faruk her personal crypto exchange and bank account information at his request. “I didn’t think he was going to use it,” Serap said. “I can’t say that my brother opened those fake accounts in my name. Identity theft is common; it could have been anyone.” The head judge twirled her pen as Serap spoke, her voice sputtering and cracking. “I have been suffering from both physiological and psychological problems. I am so worn out physically.” When she began losing her breath and stumbling over her sentences, the judge excused her from the stand.

Özer’s siblings and former employees told the court about Özer’s request for access to scores of other accounts where he could personally initiate trades. To the prosecutors—and probably plenty of other people listening—this looked a lot like evidence of money laundering.

When the presiding judge called Özer’s name, Erarslan stood to testify on his behalf, waving a handwritten power of attorney, claiming to be able to represent the missing CEO. The judge shut her down, saying that the document was invalid.

One of the victims’ lawyers stood up and shouted that Erarslan should be kicked out of the courtroom. Erarslan shouted back. The room erupted into a circus. Judges and lawyers, victims and defendants—all volleyed slurs and accusations at one another. One of the defendants’ lawyers yelled at the judge: “You need to know how crypto works. To have a fair trial you have to understand how crypto works.”

Late one August night in 2022, a few days before the defendants back in Istanbul were to receive their verdicts, it became clear that Özer was very much alive. The Albanian police had been tailing a BMW X5 that they suspected was Özer’s and traced the car to an elegant two-story art-deco villa in the hills of Vlorë, a ritzy tourist town on what’s billed as the Albanian Riviera.

Just outside the driveway, they pulled over and waited. At 2:30 am, two people left the house and got into the BMW and started to pull out of the driveway. The cops stopped it, arrested two young men, and a police squad in bulletproof vests and balaclavas stormed the villa. In video footage taken of the raid, Özer, shirtless and wearing red shorts, looks shocked. He stumbles around the room. On a wall behind him, liquor bottles line the shelves. Three women were in the villa too. An officer grabbed Özer, and the young CEO, now wearing a white polo shirt, was handcuffed, escorted down a short flight of stairs, shuttled into an unmarked white van, and driven into the night.

At the police station in Tirana, Özer told the cops that he had been “hiding in the streets of poor neighborhoods.” He added that he got around by bus. “Since I grew up in a poor neighborhood in Turkey, I know how to deal with poor people. I looked for a house to rent by asking people on the streets.” He also said that he had been living off of $10,000 in cash he had brought into the country and money that was occasionally being wired to him—plus, some crypto trading. He confessed that he planned on eventually escaping to Greece.

For nearly a year, Özer sat in an Albanian prison, appealing his extradition back to Turkey. “We are trying to explain to the court that if I am extradited, I do not have a chance to get a fair trial,” he wrote to me. He called the trial “tragicomic.” His appeal was unsuccessful. In June 2023 he arrived at Istanbul Superior Court. His head was shaved; he still had the scruffy beard. The once buoyant tech founder was now staring down a prison sentence that could carry an astonishing 43,000 years.

When he finally stood before the court, judges allowed Özer to tell his story. Leaping at the chance, he powered up a presentation full of images and graphics, something not dissimilar to a pitch deck. Then he started to read from a 60-page soliloquy, his defense attorney clicking through slides at his instruction.

“I did not defraud anyone, I did not smuggle money abroad, I did not establish or manage a criminal organization,” he said with both frustration and sincerity in his voice. “I started a company.” He recognized people got hurt. Then he began trying to make a case that prosecutors (and the media) had simply, mistakenly, criminalized a business failure.

He mentioned a litany of those supposed problems: getting hacked, an “atomic bomb” of Dogecoin panic buying and selling that drained Thodex’s funds after the central bank announced its drastic curtailing of crypto. “The day I bought my ticket to go to Albania, most of the Dogecoin withdrawal requests could no longer be met,” he said. In his retelling, Özer arrived at the conclusion that the company itself was worth more than the funds in its wallet, so he saw only one way out: selling it. He started, he said, shopping it around in Istanbul, Italy, and the Balkans. He eventually set up meetings with several potential buyers in Albania. He didn’t give their names. Özer showed the courtroom a news clip with the widely circulated headline that he had fled with $2 billion and defrauded 400,000 people. “As soon as this news started to appear, both investors were off the table … I had no other chance to cover the losses of the stolen cryptocurrencies.” He pointed out that the indictment estimated the damages were closer to $43 million and the number of official claimants against him totaled 2,027 people.

Then his testimony took a Shakespearean turn. “This was also done with the aim of killing me or having me killed,” he said without flinching. “To announce to the world that a 27-year-old man with $2 billion in his pocket is alone in a country with high crime rates like Albania.” That, coupled with a red notice from Interpol on his back, and his face on wanted posters around Albania, made him fear for his life. So, he said, he bought a tent and took a taxi to the southern Albanian coastline. He had hoped to ride out the nightmare camping alone. “I needed time for the truth to emerge,” he told the room.

He told the court that he grew his beard down to his clavicle, shaved his head. He said that when he learned about the prosecutor’s indictment—that his brother and sister were charged with fraud, that they would stand trial in a month, and that without Özer they would most likely take the blame for Thodex’s fall and spend the rest of their lives in prison—he had a wild idea: If every claimant were paid back, did a crime ever really happen? He did, in fact, have the Thodex cold wallet on him, he told the judges, though he claims to not remember how much was in it. He asked Erarslan to help him pay back the roughly 2,000 plaintiffs who had lost their money.

And they did, in part. In total, while on the run, he paid approximately 185 million lira ($10 million at the time) to more than 1,000 claimants. As Özer tells it, when the cold wallet was empty, he threw it into the Ionian Sea.

When he addressed his use of other people’s accounts to trade crypto—an action at the center of the case—he started to sound defiant and a little condescending: “Startup founders take all responsibilities, as the nature of startups requires,” he said. He underscored that they had no authority in the company and no access to these accounts. “There is no lawlessness or irregularity. Moreover, I am neither the first nor the last nor the only person to arbitrage the cryptocurrency market.”

Near the end of his address, Özer’s frustrations seemed to turn to bitterness and hubris. He faced the judges and said it was “absurd to think that the IQ level of the person who made such a stupid escape plan” was the same as that of a criminal mastermind allegedly capable of deceiving Turkish financial regulators for four years. “I am smart enough to lead any institution on earth,” Özer said. Then he had Erarslan pull up an image of a cartoon mocking the court. Visibly annoyed, the chief judge ordered him to remove it.

The verdict came quietly on a balmy Thursday in September 2023 to an almost empty courtroom. Özer stood and solemnly read the lyrics from a Turkish folk song, “The End of the Road Is Visible.”

The chief judge handed Güven, Serap, and Özer the same sentence: 11,196 years in prison—for establishing and managing a criminal organization and laundering assets. Most of the other defendants were released. It was the longest sentence in Turkey’s history, handed out the month before the Republic’s centennial.

Faruk Fatih Özer became a poster child of crypto crimes, but he also became an accidental representation of a particular economic era—and the lengths people will go through to flee it. To the Turkish regime, he was not so much an opponent as an unfortunate product of flawed economic policies. In that light, the draconian sentence is punishment not only for a crime but also for shining a spotlight on decades of embarrassing failures, ones that were made clear to the entire country the day that Özer disappeared.

So perhaps it’s no surprise that Turkey remains a haven for cryptocurrencies. In the year after Thodex went bust, inflation in the country hit a 24-year high of 85.5 percent. Prices for goods nearly doubled—and so did the percentage of Turks who owned bitcoin, ether, and other currencies. In terms of trade volume, the country ranks fourth globally, behind the US, the UK, and India. After decades of watching their currency devalue, their businesses and nest eggs get scrambled, the Turkish people aren’t going to pass up the dream so easily. Earlier this year, the country’s finance minister said the government was working to finalize new regulations on crypto, “to make this field safer and to eliminate possible risks.” So although Özer picked a fight with an authoritarian regime and lost—whether because he believed too fully in the gospel of decentralization, because he was a naive kid, because he was a cynical hustler, or some combination of all three—the flames of economic revolution that he helped fan aren’t going out anytime soon.

Additional reporting by Beril Eski, Gülşah Karadağ, and Vladimir Karaj.

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