Coinbase removing Neutrino execs: "Last minute attempts to save face"

05 Mar, 2019 | Updated: 05 Mar, 2019
by Ryan Boltman
Coinbase removing Neutrino execs: Last minute attempts to save face

Following the recent news surrounding the removal of Neutrino staff who previously worked for Hacking Team, the community has reacted with their thoughts on the matter.

Coinbase CEO Brian Armstrong released a blog post with the news earlier today, stating that ""those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase". 

Read more: Coinbase CEO: Ex-Hacking Team members "will transition out of Coinbase"

The news came as a surprise to most of the community who praised the firing of the ex-Hacking Team employees. However, as some comments suggest, Armstrong did not state that the employees were being fired, but simply transitioning them out of Coinbase. This could mean a number of things as community members commented on the news.

Reddit user 'Coinwatchman' went full tilt on the recent news, bringing up some valid points which included the recent data-selling issue with a third party supplier, which appears Coinbase are trying to slip under the rug. Among other questions, the user also brings up the fact that the term "transition" could mean a variety of things, such as length of time it takes for the removal of the team members and to where exactly they would be transition to?


CEO of Kraken Jesse Powell also had a lot to say about the recent news. Powell used murder as an example, stating Coinbase identified that murder was wrong, but technology was more important, then admitting that they ex Hacking Team members were not murdering anyone anymore and that they will be removed eventually.

 Read more: Kraken CEO on Neutrino analysis: "Neutrino came in last place"

Morgan Creek Digital Co-Founder Anthony Pompliano commented on the news saying "Say what you want about Coinbase, but the people spoke and the company listened."

Overall the decision does not seem to have swayed the jury, who ultimately still don't believe acquiring Neutrino was a good idea.

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Do you agree with Coinbase back-pedaling on their decision?

(3 votes)

Add a comment

coinbase always does such suspicious acquisitions. the deal with neutrino definitely held something illegal in it and this is totally not surprising
05 Mar, 2019 - 11:02
even tough coinbase tried to fix the situation around acquisition of neutrino it is obvious that coinbase was doing some kind of fraud. again...
06 Mar, 2019 - 12:07
a hilarious attempt to dial back. although i don't see what else they could do. no way back from this nightmare anyway.
06 Mar, 2019 - 21:25
how neutrino were not fired but transitioning out from coinbase??? what's the absurd??? how it's possible? looks like coinbase ignores even dissatisfaction of the community
08 Mar, 2019 - 01:12
it is actually to late to make any kind of changes. coinbase has messed up with some kind of illegal activity again and now it can be seen that the company is absolute scam
08 Mar, 2019 - 16:54
I'm not sure that Coinbase can prove that the rest of the employee of Neutrino don't belong to spies.
08 Mar, 2019 - 21:16
but all workers of neutrino can execute tasks of coinbase even after leaving this project…
08 Mar, 2019 - 23:18
Speaking about the duration of the suspicious employees leaving from Coinbase, the exchange hopes that this question will soon be closed and everyone will forget about it.
10 Mar, 2019 - 19:31
ceo of coinbase would be condemned for such actions!
10 Mar, 2019 - 21:51
Coinbase hasn't time to save its face. it's too late
11 Mar, 2019 - 23:08

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