The company landed in hot water after it acquired Neutrino, an Italian blockchain analytics startup with ties to Hacking Team, a group known for their sellingintrusion and surveillance capabilities to authoritarian regimes across the globe.
Angry users revolted, urging others on social media to delete their accounts by spreading the hashtag #DeleteCoinbase.
Those who previously worked at Hacking Team , will transition out of Coinbase.
Coinbases back peddling may have been welcomed by some, but others were quick to point out the lack of detail about its decision and the implications.
So, while Coinbase is seemingly going out of its way to appease users in a bid to weather the storm, one can only wonder whether this is just too little, too late. Especially as its lust for adoption by institutional investors seems to haveled the company to completely lose touch with the cryptocurrency community.
Original article