Coinbase’s controversial acquisition of Neutrino was motivated by a desire to ditch its existing tech partners because they ”were actually selling client data to outside sources,” the head of sales at Coinbase said on Saturday. In an interview with Cheddar, Coinbase’s Christine Sandler explained the rationale for buying Neutrino— a blockchain intelligence firm whose founders used to build hacking tools to sell to the police. We are aware of the backgrounds of some of the folks that were involved in Neutrino and we are looking into that. I think the compelling reason for making the acquisition was that Neutrino really
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