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