Trust Machines Hires Former Coinbase, BNY Mellon Execs

A former Coinbase COO and senior attorney at the FTC have made the jump to the bitcoin-focused developer


key takeaways

  • Asiff Hirji will join as an advisor, and Manas Mohapatra comes onboard as general counsel
  • The announcement comes as several crypto heavyweights announce layoffs due to difficult market conditions

Blockchain startup Trust Machines has hired former Coinbase executive Asiff Hirji and former BNY Mellon deputy general counsel Manas Mohapatra.

Hirji, who served as president and chief operating officer at Coinbase between 2017 and 2019, joins the company as an advisor. He has held multiple director positions across various industries, briefly worked in an advisory role for venture capital firm a16z and currently holds a similar position at Warren Buffett-backed Nubank.

Mohapatra joins Trust Machines as general counsel. Among other roles, he’s previously worked as associate general counsel for Twitter for more than four years and as a senior attorney for the US Federal Trade Commission.

Another staff addition is Igor Sylvester, who will be joining the company’s engineering team. Prior to this role, he worked as a software engineer at Reddit and led a machine-learning team at Facebook.

“I’m excited to share that Trust Machines continues to attract world-class talent during this bear market to help build the world’s largest ecosystem of Bitcoin applications,” Muneeb Ali, CEO of Trust Machines, said in a statement. 

Launched in early 2022, the company was co-founded by Ali — who also founded Stacks — and Princeton University computer science professor JP Singh. It raised $150 million in February, counting Breyer Capital, Digital Currency Group and GoldenTree among participant investors.

The name “trust machines” is a play on Turing machines — the first computer invented by Alan Turing at Princeton.

The company said it plans to make further key hires in the second half of this year. New hires in the cryptoasset industry have dwindled as more companies announce cost-cutting measures and slow down hiring efforts in a challenging macroeconomic environment. Heavyweight names such as Coinbase and Gemini have announced plans to cut staff.

But not everyone in the industry appears to be significantly affected. Earlier this month, Immutable’s co-founder Robbie Ferguson told Blockworks it was on a hiring spree and “now is not the time to take our foot off the pedal.”  Exchanges OKX and Bitget too have announced plans to significantly boost their headcounts.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Frax report cover.jpg


Frax saw continued development in its frxETH liquid staking derivative and Fraxlend money market throughout 2023. Frax V3 introduces an RWA strategy to drive utility to the protocol's cornerstone product, the FRAX stablecoin.


Accredited and non-accredited investors worldwide will be able to purchase the Note starting Dec. 6 on US-regulated trading platform INX


Bitcoin’s next halving is less than five months away. History says they’re bullish but will this time be different?


Merger is set to allow the combined business to “flex between our different lines of business,” Hut 8 CEO says


Agency’s decision to start comment window earlier than expected could be bullish for spot bitcoin ETF approval in January, industry watchers say


Jump Crypto is the trading firm at the center of Terra-related market manipulation allegations


Funds tied to Coinbase co-founder Fred Ehrsam have made the most of the COIN rollercoaster