Cryptocurrency exchange Coinbase received investments from Jeffrey Epstein

The U.S. Department of Justice has released documents that Coinbase-doj-email-exposes/«>show that American financier Jeffrey Epstein invested $ 3 million in the Coinbase cryptocurrency exchange back in 2014. The investment was made through the Blockchain Capital fund associated with Brock Pierce and became the subject of discussions among market participants.

According to the correspondence, Epstein met with one of the founders of Coinbase, Fred Ersam. The reports mention that Ersam had planned the meeting, which may indicate that he was aware of Epstein’s involvement in the company’s investments.

In 2018, another letter confirms that Epstein received his stake in Coinbase and later sold half of the stake back to Blockchain Capital for about $ 11 million, meaning that his investment could have generated significant profits.

Against the background of these data, Blockstream CEO Adam Beck denied any financial ties between his company and Epstein. He stated that Blockstream has no direct or indirect relationship with the financier or his heirs. At the same time, documents from 2014 mention that Blockstream co-founder Austin Hill discussed with Epstein and then-MIT Media Lab director Joey Ito participation in the company’s initial investment round.

Ito invested in Blockstream through his own fund, where Epstein was a limited partner. The fund subsequently sold its stake, citing risks and a possible conflict of interest. The new data emphasizes that Epstein’s influence on the cryptocurrency sector was greater than previously thought and included key companies in the market.