Coinbase Parting Ways with Neutrino’s Employees Who Developed Espionage Software for Authoritarian Governments

📰 News
Tue, 03/05/2019 - 06:15
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • {{ content.field_content_author|field_value|getauthorname|raw }}

    🔥😬👀After a major backlash, Coinbase is dropping all Neutrino employees who are related to Hacking Team

Cover image via U.Today

Coinbase CEO Brian Armstrong has just announced that the $8 bln exchange decided to drop those Neutrino employees who previously worked at Hacking Team. The move was prompted by a major controversy that even led to the #DeleteCoinbase campaign.

Must Read
Iran Is Inching Closer to Introducing State-Backed Cryptocurrency - READ MORE

Coinbase got under fire

Crypto Twitter got furious with Coinbase’s decision Neutrino, the analytics company that helped the governments with poor human right records to spy on their citizens. Obviously, welcoming the hacking team to the family didn’t go well with crypto enthusiasts given that Bitcoin is an anti-authoritarian tech. Multiple users would start posting screenshots of them closing their accounts as part of the above-mentioned #DeleteCoinbase campaign.

The move was praised by Kraken CEO Jesse Powell, claiming that he has tremendous replace for Coinbase. However, he previously criticized Coinbase’s decision to allow its users to store their keys with the help of popular cloud services (Google Drive and iCloud).    

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
50 Mln XRP Sent Between Large Crypto Exchanges, Japanese Bitbank Involved

50 Mln XRP Sent Between Large Crypto Exchanges, Japanese Bitbank Involved

$1,300 per Bitcoin: Fortress Has New Buyout Proposal for Mt. Gox Victims

$1,300 per Bitcoin: Fortress Has New Buyout Proposal for Mt. Gox Victims

Crypto Behemoths Invest $28 Mln in Hong Kong Trading Company, Coinbase Joins Them

Crypto Behemoths Invest $28 Mln in Hong Kong Trading Company, Coinbase Joins Them