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CRYPTO FANS FLEE COINBASE AFTER HIRING DICTATOR’S HACKERS

CRYPTO FANS FLEE COINBASE AFTER HIRING DICTATOR’S HACKERS

Fans of crypt currencies give importance to privacy. They are cautious of governments. They are paranoid about possible hacks.

For example, users of the cryptocurrency were not impressed when Coinbase, a major cryptocurrency commercial market, joined former members of a notorious spyware company that sold hackers. Oppressive regimes Now some users are fleeing. “#DeleteCoinbase before they erase you,” wrote @btc on Friday, one of the main bitcoin accounts on Twitter.

“It’s not that I’m the biggest client of @ coinbase, but I’m tired of that,” another user wrote in a screenshot of his deleted account.

It is assumed that Coinbase facilitates crypts currency. The company allows users to buy and sell virtual money from an elegant smartphone interface, avoiding, in theory, the scams that damage the cryptographic scene. But Coinbase users said the company had invited the grifters to join after acquiring the Neutrino analysis firm last month. Neutrino executives are former leaders of Hacking Team, an accredited surveillance company that sells piracy services to law enforcement authorities, corporations and governments seeking to end dissent.

CRYPTO FANS FLEE COINBASE AFTER HIRING DICTATOR’S HACKERS

“The bitcoin community has always been very close to Internet freedom movements like WikiLeaks, and Hacking Team represents the dark side of technology, used to restrict freedoms instead of liberating humanity,” said Francis Pouliot. , Bitcoin Evangelist, in the Daily Beast. “The piracy team and the neutrino monitor are some of the natural enemies of bitcoin users.”

Coinbase and Neutrino publicly announced their merger last month. “Neutrino will help prevent the theft of money from people’s accounts, investigate ransomware attacks and identify bad actors,” Coinbase said in his announcement. “It will also help us offer more crypto-currencies and features to more people while ensuring compliance with local laws and regulations.” Neutrino’s leaders would know all about the attacks; They have dominated them for decades, Breaker Mag reported for the first time.

In 2001, two Neutrino officials, Alberto Ornaghi and Marco Valleri, developed a hacking program so powerful that the Italian police asked them to create spyware that would allow them to spy Skype calls without being detected. The espionage contract was the beginning of what would become the Hacking Team, a leading marketing company with terrifying power.

CRYPTO FANS FLEE COINBASE AFTER HIRING DICTATOR’S HACKERS

The company’s spyware allows governments to access computers and telephones remotely from their targets, sometimes for violent purposes. In 2012, the piracy team hid the e-mail of pro-democracy journalist Ahmed Mansoor in the United Arab Emirates, Motherboard reported. The phishing attack was part of a sustained effort to break Mansoor’s phone, which resulted in his arrest for “computer crime” in 2017, for which he is serving a 10-year prison sentence.

In 2014, Hacking Team signed contracts with millions of dollars in Latin America, and Mexican officials apparently use the software to target journalists, academics and political rivals. In 2015, Hacking Team had a glimpse of their own tools when hackers attacked them and blew up internal communications. (It was revealed that the company had used weak passwords, such as “P4ssword”). The documents revealed that Hacking Team had sold its services to the governments of Azerbaijan, Bahrain, Egypt, Ethiopia, Kazakhstan, Morocco, Russia, Saudi Arabia, Sudan, and Turkey. The Saudi government group accused of killing Washington Post columnist Jamal Khashoggi has reportedly been working with Hacking Team.

CRYPTO FANS FLEE COINBASE AFTER HIRING DICTATOR’S HACKERS

The leaked documents revealed that the leaders of the piracy team had rejected the human rights concerns raised by some of their government clients. “I have a question for all of you: PLEASE NAME a truly” democratic “country, a country that does not violate the rights of anyone and has a TOTALLY pure record of human rights,” wrote an electronic letter to his colleagues, David Vincenzetti.

Some crypto-evangelists describe alternative money as a way to avoid the long arm of government. Most cryptocurrency transactions are publicly registered, but without the owner’s name and unrelated to a bank account. The powerful privacy-aware cryptography community seems to be an unlikely focus for former piracy equipment leaders.

But at least three neutrino leaders (Ornaghi, Valleri, and General Manager Giancarlo Russo) were leaders or early members of the piracy team.

The revelation caused some Coinbase users to flee, Twitter users published information about the exodus under the hashtag #DeleteCoinbase.

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CRYPTO FANS FLEE COINBASE AFTER HIRING DICTATOR’S HACKERS

A series of missed responses from Coinbase could have made the situation worse. When contacted by Breaker Mag last week, the company stated “that I was aware that the Neutrino co-founders previously worked for Hacking Team, which we examined as part of our security, technical and contracting, Coinbase does not tolerate or defend the actions of Hacking Team. ”

At the same time, a Coinbase CEO assured customers that the acquisition of Neutrino was necessary to replace another company that “sold customer data to external sources.” The implication that data from Coinbase users were now on the market was causing panic. (Coinbase told the Daily Beast that the comment “was taken out of context” and that they would never have shared personally identifiable information with other companies).

CRYPTO FANS FLEE COINBASE AFTER HIRING DICTATOR’S HACKERS

The reaction continued to arrive and users of Coinbase continued. Late in the evening, from Monday to Monday, Coinbase issued another statement in which it criticized the hiring to rent “a gap in our due diligence process”.

Former members of the piracy team would no longer work with Coinbase, the company said. But Neutrino remains in Coinbase, where he will be responsible for protecting the privacy of users.

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