Controversy and Disdain Surround the Neutrino Acquisition by Coinbase, Head of Sales Speaks Up
The acquisition of a company in the crypto world is often an opportunity for new developments to take place, which is probably what Coinbase had in mind when they acquired Neutrino. However, as users of the exchange started to do some research, they found the activities of the executives of Neutrino were not as savory as they would have hoped. The creators were involved in the development of malware that benefited whoever had the money to buy it. Now, in a report from Cheddar, it looks like one executive thinks the background is worth examining as well.
Christine Sandler, head of sales, told the interviewer that the background of the individuals of Neutrino is something they already know about. However, they turned the attention instead to their positive qualities, like their “best-in-class” technology. The platform had been looking for a year to find a company to acquire, but the prior involvement with Hacking Team is taking over the news instead.
Hacking Team, the former endeavor of the founders of Neutrino, had sold surveillance software, and the buyers of the software were mostly countries with an affinity for violating human rights. In purchasing Neutrino, Sandler says that the departure from the present providers was necessary, due to the sale of client data to third parties, interestingly enough.
Coinbase’s popularity in the market has also been for the listing of XRP on their platform as well, following years of omitting it. Customers have long-discussed the possibility that XRP is, in fact, a security, which is for the Securities and Exchange Commission to determine. Sandler has confirmed that, in the event the SEC deems it as such, the acquisition of Keystone makes it possible for them to still sell XRP, considering that Keystone is a broker-dealer.