Coinbase is parting ways with several employees from Neutrino following widespread criticism over the crypto exchange's acquisition of the blockchain analytics firm.
CEO Brian Armstrong announced in a blog post on Monday that Coinbase and Neutrino have decided they will let go Neutrino employees who previously worked for Hacking Team, whether or not they still have any current affiliation with that company.
It's unclear exactly how many of Neutrino's employees had worked for Hacking Team, except for the three senior executives listed on the blockchain-sleuthing startup's website: CEO Giancarlo Russo, CTO Alberto Ornaghi, and CRO Marco Valleri.
Armstrong said in the post on Monday: "We had a gap in our diligence process. While we looked hard at the technology and security of the Neutrino product, we did not properly evaluate everything from the perspective of our mission and values as a crypto company."
As a solution, he concluded:
Brian Amstrong image via CoinDesk archive.
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