Coinbase has been trending on crypto Twitter all week, but for all the wrong reasons. The #DeleteCoinbase hashtag has circulated on account of the dubious practices of Neutrino, the blockchain surveillance team it acquired. Now, the California-based exchange has bowed to public pressure and severed ties with key members of the Neutrino team.
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Coinbase Bows to Public Pressure
Last week, an almighty brouhaha kicked off after it emerged that Coinbase’s latest acquisition, Neutrino, has an extremely shady past. The blockchain surveillance firm’s founders have been pilloried for their previous venture, Hacking Team, which sold software to regimes to spy on dissidents and journalists. On March 5, Coinbase broke its silence and promised to take action over the escalating crisis that has threatened to permanently dent its reputation. In a blog post titled “Living up to our values and the Neutrino acquisition,” Coinbase CEO Brian Armstrong conceded that “we…