Coinbase Co-founder Fred Ehrsam told TechCrunch:
The industry is continuing to evolve. We’re attracting very, very top talent from prior rocket ships that were successful.
McGeehan said in a non-public Facebook post announcing the move, as reported by TechCrunch:
Seven-plus years ago, I left Chicago, my friends, and family to join Facebook. I’m thankful for this experience more than I ever would have expected to be toward any employer.
I found myself within Facebook’s mission to make the world more open and connected, and this led to my need to protect people through technology. Over the years, I’ve dedicated myself to building a world-class program around this purpose, with Facebook’s support. Now I need to take on new and different risks to continue developing myself personally.
I’ve accepted a role at Coinbase to build their security program, starting in April. Joining Facebook was a big risk, and this will be, too, no doubt. I’ve decided that crypto currency is worth protecting, and I’d regret doing anything else right now.
Readers: Have you ever used Bitcoin?