Loading cryptocurrency prices...

Coinbase Pushes Out Ex-Hacking Team Employees Following Uproar

- Advertisement -

Coinbase is parting ways with several employees from Neutrino following widespread criticism over the crypto exchange’s acquisition of the blockchain analytics firm.

CEO Brian Armstrong announced in a blog post on Monday that Coinbase and Neutrino have decided they will let go Neutrino employees who previously worked for Hacking Team, whether or not they still have any current affiliation with that company.

It’s unclear exactly how many of Neutrino’s employees had worked for Hacking Team, except for the three senior executives listed on the blockchain-sleuthing startup’s website: CEO Giancarlo Russo, CTO Alberto Ornaghi, and CRO Marco Valleri.

The announcement came after widespread criticism of Coinbase’s decision to buy Neutrino, which was revealed on Feb. 19.

- Advertisement -

Since then, a campaign encouraging Coinbase users to delete their accounts has been raging on Twitter due to the fact that Neutrino’s top management had led projects for Hacking Team, a startup that aided governments known for human rights abuses.

Armstrong said in the post on Monday: “We had a gap in our diligence process. While we looked hard at the technology and security of the Neutrino product, we did not properly evaluate everything from the perspective of our mission and values as a crypto company.”

As a solution, he concluded:

“Those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase. This was not an easy decision, but their prior work does present a conflict with our mission.”

Brian Amstrong image via CoinDesk archive.

Previous Articles:

- Advertisement -

Latest News

Ripple Seeks $1B Fundraise to Boost XRP Holdings and Treasury Strategy

Ripple is planning to raise at least $1 billion to increase its XRP holdings. The...

Pump Fun Airdrop Delayed 100 Days, Traders Grow Impatient

Pump Fun airdrop was announced 100 days ago, but no further details or distribution...

Astra Nova Raises $48.3M to Expand AI Web3 Entertainment Tools

Astra Nova raised $48.3 million to advance its AI-powered, Web3 entertainment tools.The funding includes...

Tether Launches Open-Source Wallet Kit to Boost USDT Compliance

Tether released an open-source Wallet Development Kit (WDK) enabling the creation of custom crypto...

Gold Outshines Bitcoin, Hits Record $4,381, Outperforms BTC in 2025

Gold reached a record price of $4,381 per ounce, outperforming Bitcoin in the past...
- Advertisement -

Must Read

9 Best Books On Ethereum And Blockchain Technology

QUICK LINKSHow to Choose Your First Blockchain Book: A Simple Framework1. Define Your Goal: Are you looking to Build, Invest, or Understand?2. Assess Your...