Say what you want about Coinbase, but the people spoke and the company listened.
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ehh.. not quite. It's optics without action. No timeline on transitioning people out and they're keeping the software. What will be the continued relationship after they're officially not CB employees? No resolution on the conflicting statements about having done diligence vs not
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All fair questions. The fact that they responded at all this quickly was actually surprising to me and I think a positive step.
Hopefully many of your questions are answered in next few days as things become clearer.
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Replying to @mdudas
“those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase.”
and from W-2 to 1099... #DeleteCoinbase
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Come on, it is good PR management, let’s give them that. Post-acquisition, there is no way the Hacking Team is fully out.
Unless Coinbase forced the vesting of the departing members and contractually prevent them from supporting the integration, they will still be active on it.
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Im guessing the CEO and others involved at Hacking Team will simply not work "in house" with Coinbase.
But they still operate Neutrino
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Great questions!
head of sales Christine Sandler (March 1st): "We are aware of the backgrounds of some of the folks that were involved in Neutrino and we are looking into that"
(March 4h): "However, we had a gap in our diligence process."
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I'd add the question: "What exactly is Coinbase's diligence process? How was the head of sales familiar with this information before the CEO?"
Sources: cheddar.com/media/coinbase
blog.coinbase.com/living-up-to-o
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