Epstein Made a $3M Investment in Coinbase, DOJ Email Exposes
The current hypothesis surrounding the Epstein Files, referring to a big assortment of paperwork associated to the case of American financier Jeffrey Epstein, revealed that he made a $3 million funding in the crypto trade Coinbase over a decade in the past.
Per documents released by the U.S. Department of Justice, Epstein invested in Coinbase by means of Brock Pierce’s Blockchain Capital in 2014.
“Unclear if the deal really went by means of, however there’s a lot of dialogue round investing in Coinbase in the recordsdata,” wrote Bitcoin researcher Kyle Torpey.
The Connection Between Epstein and Fred Ehrsam
The buy allegedly secured Epstein a face-to-face assembly with Coinbase co-founder Fred Ehrsam. In a leaked e mail screenshot, “Jeff” is talked about together with Ehrsam, indicating that Ehrsam may need recognized about his involvement in Coinbase.
“I’ve a hole between midday and 3pm in the present day, however once more, not essential for me, however could be good to fulfill him if handy. Is it vital for him,” Ehrsam wrote.
Four years later, in 2018, another email confirmed that Epstein received his Coinbase allocation. It seems that he later bought 50% of the stake again to Blockchain Capital for round $11M.
In 2008, a Florida state courtroom convicted Epstein of procuring a youngster for prostitution and soliciting a prostitute.
Blockstream Has No Connection, Says CEO
Meanwhile, Blockstream CEO Adam Back pushed again claims from Epstein Files relating to his ongoing reference to the convict.
“Blockstream has no direct nor oblique monetary reference to Jeffrey Epstein, or his property,” Back wrote on X.
One of the documents released by the U.S. DOJ equivalent to July 2014 says that Blockstream co-founder Austin Hill mentioned the corporate’s seed spherical with Epstein and Joi Ito, then director of the MIT Media Lab.
“Hi Joi & Jeffrey; We are all the way down to the wire on closing this spherical,” Hill wrote in an e mail. “We are 10x oversubscribed on an $18m seed spherical and Reid on the final minute advised us to bump your allocation from $50k to $500k.”
In the Monday put up, Adam Back famous that Blockstream met with Jeffrey Epstein, who was described on the time as a “restricted companion in Ito’s fund.”
“That fund later invested a minority stake in Blockstream. Just a few months later, Ito’s fund divested its Blockstream shares because of a potential battle of curiosity, and different issues.”
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