Meta’s crypto chief is leaving the company

David Marcus, the longtime Facebook executive who has overseen the company’s embattled cryptocurrency plans, is leaving the company. Marcus will step down from the company at the end of 2021, he wrote in a Facebook post.

The former PayPal executive first joined Facebook in 2014; he ran Messenger for four years before leaving the post to kickstart Facebook’s blockchain division. Since then, he’s overseen Meta’s long-troubled cryptocurrency plans, as well as other payments products like Facebook Pay.