Coinbase CEO Admits ‘Diligence’ Failing, Boots Ex-Hacking Team Employees

Coinbase CEO Brian Armstrong has responded to criticisms about betraying the values of Bitcoin and crypto more broadly with its recent acquisition of Neutrino. Those Neutrino team members who previously worked at Hacking Team will “transition out of Coinbase,” the chief executive said late Monday. Hacking Team, one may recall, was a pioneer in selling hacking tools exploited by authoritarian governments to crack down on journalists and dissidents instead of criminals. Congrats to Coinbase on the acquisition of chain analysis startup Neutrino! FYI, the CEO, Giancarlo Russo, was ex-COO of HackingTeam (https://t.co/qyQ6mLU8XE), who sold "offensive intrusion and surveillance capabilities to

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