Crypto entrepreneur Balaji Srinivasan has described Google and Apple as systemic risks to the crypto industry.
The former Coinbase CTO tweeted this on May 19. According to him, these tech giants are major security threats because the federal government can weaponize them.
If that happens, the government could “backdoor iPhone and Android to exfiltrate private keys,” he said.
How These Tech Giants Threaten Crypto
Balaji noted that in a future where governments become bankrupt and turn to Bitcoin to fund their operations, the U.S. government could compel tech giants like Apple and Google to scavenge for private keys in the servers, browsers, and devices under their control.
This isn’t cyberterrorism, it’s cyberwar. It’s not some random hacker who manages to sneak out a file. It’s when the CEO of a company gives the lawful order to to hack their customers. This is similar to what happened to 140M Russians designated…
