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

05 Mar, 2019 | Updated: 05 Mar, 2019
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.

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network tool!


Read more: How to tip and receive Bitcoin via the Lightning Network with


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

(4 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage