Coinbase Faces #DeleteCoinbase Boycott Citing Neutrino Hacking Team Acquisition

By Tabassum
Published February 28, 2019 Updated February 28, 2019
Best Buy In

DeFi Platform



Coinbase Faces #DeleteCoinbase Boycott Citing Neutrino Hacking Team Acquisition

By Tabassum
Published February 28, 2019 Updated February 28, 2019

Coinbase cryptocurrency exchange is one such name which is on limelight every day – especially in the month of February 2019. Founded in 2012, the exchange continued reaching the peak with huge user database around the world – but this trading platform is recently facing aggression from its major US audience following the latest Neutrino Hacking Team Acquisition.

#DeleteCoinbase Boycott Over Neutrino Acquisition

The aggression resulted in ‘boycott’ that runs on Twitter with the hashtag ‘#DeleteCoinbase’ – many Twitter followers in against the acquisition deal of Coinbase has followed the rally and eventually deleting their Coinbase account. In fact, such users are also sharing the snaps of their deleted Coinbase accounts as a shred of evidence to their anger – towards the purchase deal that Coinbase had signed recently.

Expert’s Research and Coinbase’s Respond

The antagonism of these users comes after few experts reveal the history behind team Neutrino – also, as I reported very recently, the founders of Neutrino were working with the hacking team as the lead executives to sell Hacking tools to Govt agencies. When this fact got viral, influential crypto figures such as Ari Paul, Francis Pouliot, and other crypto enthusiasts began debating on the controversial acquisition.

Concerning the debate, Coinbase reached out to the media via email and responds to the key aspects that lead to debate. Indeed, in an email, Coinbase says ‘it doesn’t condone nor will it defend the actions of Hacking Team’. As a response to this allegation, Coinbase wrote in an email

aware that Neutrino’s co-founders previously worked at Hacking Team, which we reviewed as part of our security, technical, and hiring diligence. Coinbase does not condone nor will it defend the actions of Hacking Team, but it was important for Coinbase to bring this function in-house to fully control and protect our customers’ data and Neutrino’s technology was the best we encountered in the space to achieve this goal.”

Trending in the United State

Even after the response of Coinbase, nothing convinced the anger of a few Coinbase users. According to the analysis of Coingape, made via trends map, there are 62% US audience constantly tweeting and engaging in a conversation with #Delete Coinbase. Indeed, Cities that contributed at large to this boycott are NewYork with 24%, San Francisco with &%, Berlin with 7/5, Montreal with 5%, London with 5%, Dallas with 4%, Vancouver with 4% and Bangkok with 4% respectively.

Moreover, below goes the timeline activity of #DeleteCoinbase from Feb 27 to Feb 28 which is increasing every now and then

Nevertheless, Coinbase had multiple acquisitions so far and no acquisition had boycott as the Neutrino. In reality, the background that Neutrino founders are carrying is what it hinders to everyone who’s boycotting – FYI, the founders of Neutrino, namely Giancarlo Russo, Marco Valleri, and Alberto Ornagh were involved in selling hacking tools to Govt agencies. And that eventually became the key reason why Coinbase users are deleting their accounts.

What’s your stake on Coinbase’s Neutrino acquisition? Do you also agree with the opinion of Twitter followers running the boycott? Or are you agree with Coinbase’s respond? Let us know your thoughts. 


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
562 Articles
Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]

Loading Next Story