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The PR nightmare triggered by Coinbase’s acquisition of a firm with spyware ties has pushed the crypto exchange into damage-control mode.

It all started when Coinbase announced the acquisition of Neutrino, a blockchain analytics firm whose executives were previously hand in glove with repressive world governments in suppressing voices of dissent.

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Of course, there was no question of Coinbase walking away from an already-finalized deal with Neutrino given the possible legal consequences emanating from any such drastic move. However, the heat from the wider crypto community was probably a bit too much for the exchange to ignore.

As a result, it has now announced that the executives at the heart of this controversy “will transition out of Coinbase.”

Crypto Community Makes Itself Heard

Neutrino, which is to remain a stand-alone entity post-acquisition, is led by Giancarlo Russo as the CEO, Marco Valleri as the Cheif Research Officer, and Alberto Ornaghi as the Chief Technical Officer.

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Source: https://thebitcoinnews.com/coinbase-buckles-under-pressure-fires-controversial-executives-of-recently-acquired-neutrino/