Article Summary

**Zac Prince Makes Crypto Comeback as Galaxy Digital Launches Galaxy One Platform** Former BlockFi CEO Zac Prince has officially returned to the cryptocurrency industry, taking the helm of Galaxy Digital's newest initiative, Galaxy One. This strategic move marks Prince's first major leadership role since BlockFi's dramatic collapse three years ago, which occurred during the broader crypto market downturn triggered by FTX's bankruptcy. Prince's appointment signals Galaxy Digital's aggressive expansion into digital asset services, potentially targeting the institutional DeFi lending space that BlockFi once dominated. The former crypto lender's failure highlighted significant risks in cryptocurrency lending protocols and centralized finance platforms, making Prince's comeback particularly noteworthy for Bitcoin and blockchain industry observers. Galaxy One's launch comes as the cryptocurrency market experiences renewed institutional interest, with traditional finance firms increasingly adopting digital asset strategies. Prince's expertise in crypto lending and risk management could prove valuable as Galaxy Digital seeks to capture market share in the evolving DeFi ecosystem. This development represents a significant shift in crypto leadership dynamics, as former executives from failed platforms attempt industry rehabilitation amid growing regulatory scrutiny and market maturation.