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Outlet profile

Decrypt

Crypto/Web3 industry-focused (no clear U.S. left-right slant)

Owned byPart of DASTAN, a Web3 media and technology group that also owns Myriad and Rug Radio. Decrypt was acquired by Rug Radio in January 2024. Co-founder Josh Quittner is CEO of Decrypt Media. Decrypt was spun out of ConsenSys Mesh in 2022, and ConsenSys stayed on as a minority investor.
FundingVenture and strategic investment, plus advertising and sponsorships typical of crypto media. In 2022 it raised $10M at a $50M valuation from about 22 investors with no lead. Investors included Canvas Ventures, Hack.vc, HashKey Capital, IOSG and several crypto DAOs. It now operates under DASTAN's corporate umbrella.
On the administrationmixed

Background

Decrypt was founded in 2018 by former Time Inc. magazine editor Josh Quittner, Ilan Hazan and Ryan Bubinski. It started inside ConsenSys Mesh, the incubator created by Ethereum co-founder Joseph Lubin. In May 2022 it spun out as an independent company and raised $10 million, saying it wanted to be a truly independent news organization. ConsenSys remained a minority investor, and a financial tie to a major Ethereum company is a possible conflict of interest for coverage of the industry. In January 2024 Rug Radio acquired it, placing it within what is now the DASTAN group. It publishes news, explainers, and content on AI, gaming and culture, and has also run events and media projects such as the GM podcast and Decrypt Studios. Like most crypto trade press, it is generally sympathetic to the industry and its technology while still covering hacks, scams and legal cases. Its political posture is mainly defined by crypto regulation rather than by broader partisan issues.

Sources

  1. Decrypt Raises $10M in Funding and Spins Out from ConsenSys Mesh (Business Wire)
  2. Crypto media firm Decrypt raises $10 million after ConsenSys Mesh spin-out (The Block)
  3. Crypto publication Decrypt raises $10 million at $50 million valuation (Forbes India)
  4. Decrypt - Crunchbase Company Profile & Funding
  5. Josh Quittner (Wikipedia)
  6. The Team - Decrypt

Profile compiled 2026-10-18; refreshed when ownership, funding, or the administration changes.

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