Former Coinbase chief technology officer (CTO), Balaji Srinivasan, has raised concerns regarding the potential threats posed by tech giants to the cryptocurrency sector.
Srinivasan singled out Apple (NASDAQ: AAPL) and Google (NASDAQ: GOOGL), alleging that the federal government could weaponize the tech giants’ iPhones and Android devices to tamper with private keys, he said in a tweet on May 19.
“Apple and Google are systemic risks to crypto. If weaponized by the federal government, they could backdoor iPhone and Android to exfiltrate private keys,” he said.
He drew attention to the increasing importance of cryptocurrencies in global politics. Just as Twitter and Facebook (NASDAQ: META) played crucial roles in catalyzing the Arab Spring in 2010, the former CTO argued that, by the end of the decade, the possession of sufficient Bitcoin (BTC) by financially struggling governments could become a significant political issue.
“Similarly, in 2023, even after El Salvador has ado
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