Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Riya143 on July 24, 2020, 06:19:46 PM
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Brian Armstrong discussed the hiring of a team that had sold spyware to authoritarian governments—and acknowledged that Coinbase should’ve done more diligence.
Coinbase CEO Brian Armstrong today admitted that the acquisition of Neutrino, a company run by an infamous team of hackers, in March 2019, was a mistake. Speaking with Peter McCormack on the What Bitcoin Did podcast, he said Coinbase had no excuse.
“We definitely made a mistake,” said Armstrong, adding that “Most of our diligence was around the technology itself. What we failed to do was due diligence more around our values and our culture.”
Read More: https://decrypt.co/36608/coinbase-ceo-reflects-on-neutrino-acquisition-we-messed-up