Transition out of Crypto "Industry" to Real Industry after Layoff and Hack

Worked in financial publishing for a subsidiary of a public co covering crypto assets as an analyst 

prior was in sales, prior to that SMB biz owner for 2 yrs out of college (grad 2016, age 28 almost 29 soon)

Undergrad T5 public (UF).

Traded ES futures since 2020 on the side, some remote prop shop (Apex), realized discretionary retail trading isn't a real career, screw that.

Degree is in biology/pre-med, excellent profile. Went business route instead after college and then into sales.


At a crossroads, not sure where to go from here. 

100% applying to T15 MBA FT 2yr programs (to pivot either IB or consulting) but still need to do something for 1-2 yrs prior.

Got laid off from crypto job in Feb, kept applying around the industry but macro kept getting worse and regulators came barreling down.

Still unemployed and now it's August. In fairness took last 1.5mo off for mental health, it got very bad and I had to get professional help (see below).

Been applying to bizdev roles, research, etc. anything that has a fit with my work exp.

I unfortunately had almost 6 figures of savings hacked (stored in crypto stablecoins and major assets) from several wallets due to a security flaw in a wallet that led to a computer intrusion.

Feds got involved to track the stolen funds, no resolution, attorneys have said tough luck, no consumer protection, can pay $150K to litigate but even then not much can be done.

Company that is liable refuses to compensate, reported to EVERY regulator under the sun but no luck.

Don't have time to waste and money to spend chasing after ~$90k when better to move on and focus on bigger things.

Haven't ever had a worse feeling gut punch - grew up feeling poor and am first gen immigrant.

Worked my ass off in high school, aced SATs, stud in college, was naive about 'real world.'

Now that the tide has gone out I realized on top of this what a huge mistake it was to "work" in crypto. 

Wanted to off myself for a few months after the hack, then the mental health issues interfered with my crypto job and I started hating the industry.


I'm planning to apply MBA this cycle but need to take GRE still but also need to bring cash in.

Had to work 2 jobs night and day (remotely) and freelance on the side for a year to make some money back.

Also breaking up with my 7 year gf to focus on my career and let her move on...

I don't feel crypto industry has legitimacy and don't see this as viable long term with regulators now.


Have plenty of ideas for what I could recruit via MBA but I've wasted 6mo applying to over 300 jobs in a dying industry being sued by regulators and I've had bare minimum income coming in + the hack.

I need to figure out what to do ASAP as bad look applying to MBA while still unemployed, isn't it?

Don't want to keep wasting time applying around in crypto, get laid off again in a few months in current macro env, be screwed again.

I did get two offers at mid tier exchanges for bizdev but I don't trust the industry now and don't want to risk securities fraud inadvertently.

Don't think most crypto co's last in current environment, even blue chip names like Coinbase could be screwed.


TL;DR Need to build a real career, love finance, would try to recruit IB via T15 MBA or even LMM PE if I somehow have a wild shot or try after first doing 2 yrs in banking -

but not this crypto nonsense and don't know what to do in the meantime to set myself up for that.

I'm very ambitious, just been caught up in the wrong game because I didn't know better.

Should I just go back to sales for the meantime and just focus fully on MBA apps in the meantime? 

Try to leverage my bio background for some healthcare/biotech equity research group?

Not sure I can compete with all the laid off ER folk vying for spots.

I also got into a VC apprenticeship that's fairly selective, doing that now - not paid.

Seems with economy should try to pivot industries as crypto industry is cooked.

Maybe I'm more conservative now ... the hack screwed my psyche up even though I sold the near top of the crypto market I had much of the money stolen anyway.

Crypto is mostly a niche market for criminals and gamblers, it's not useful tech outside of some innovations that are few and far between.

It's flawed tech not fit for mass adoption unless we want societal collapse  from avg joe's losing it all to hackers.

If you haven't seen what an utter sh*tshow it is in crypto/DeFi browse https://web3isgoinggreat.com/ - billions hacked every month to funnel to foreign regimes.

 

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