Cryptocurrency exchange Coinbase is facing an increasing publicity nightmare after it emerged the CEO of a company it took over sold private user data to governments.
Coinbase: Neutrino ‘Will Help Prevent Theft’
Announced February 19, Coinbase now owns Italian blockchain surveillance startup Neutrino, having acquired the company for an undisclosed sum.
“By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors,” engineering director Varun Srinivasan wrote in an accompanying blog post.
It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations.
Neutrino’s staff will now relocate to Coinbase’s London office and will continue…