Popular bitcoin brokerage service and web wallet provider Coinbase is managing to snag some Silicon Valley talent. Start-ups and technology blog TechCrunch published a report Wednesday evening that indicates that Facebook’s Director of Security Incident Response, Ryan McGeehan, is taking a job at San Francisco-based Coinbase in a security-based role.
Ryan McGeehan’s Announcement
McGeehan’s announcement came via his Facebook page (what else?), in which he noted that his last day with Facebook will be in early April — at which point he’ll be leaving for Coinbase.
“Joining Facebook was a big risk, and this will be too, no doubt,” he wrote in his post. “I’ve decided that crypto currency is worth protecting and I’d regret doing anything else right now.”
“The industry is continuing to evolve,” Coinbase CEO Fred Ehrsam was quoted as saying. “We’re attracting very, very top talent from prior rocketships that were successful.”
As the bitcoin industry continues to grow, experts in the security field are incredibly in-demand, particularly at services like Coinbase.
A lack of security at the now-defunct Mt. Gox bitcoin exchange lost investors well over 700,000 BTC, valued at over $400 million USD.