Bitcoin.com reports that Coinbase provided documents helpful to the FBI in the takedown of popular torrent indexing site Kick-Ass Torrents (KAT), including identifying the addresses that Coinbase received BTC donations at. The loss of KAT is no small blow to the torrenting community, and several friends of mine are already bemoaning its loss.
The fact that Coinbase was helpful to this 'investigation' did come as some surprise to me. Though they've been going dark-side for some time now, it's disappointing to see them abandon principles altogether and bite the hand that feeds. I closed my Coinbase account yesterday, and I encourage all who read this to do the same.