Epstein invested $3 million in Coinbase in 2014, Coinbase co-founder was aware

Odaily News According to email documents recently released by the U.S. Department of Justice, Jeffrey Epstein invested approximately $3 million in Coinbase in 2014 through his entity IGO Company LLC, participating in the Series C funding round that valued the company at around $400 million at the time.

Email correspondence shows that Coinbase co-founder Fred Ehrsam was aware of this investment and had expressed a desire to meet with Epstein to discuss the arrangements. This investment opportunity was initially facilitated by Tether co-founder Brock Pierce and his venture capital firm, Blockchain Capital. Blockchain Capital stated that Epstein did not invest through their fund but completed the transaction directly via his personal entity.

An asset list disclosed by the Department of Justice also shows that Epstein had an asset recorded as "Purchase Coinbase" worth $3.001 million in his name by the end of 2014. Related emails further reveal that Epstein sold half of his Coinbase equity holdings to Blockchain Capital in 2018, cashing out approximately $15 million.

Additionally, the documents show that Epstein also made early investments in Blockstream. Reports indicate that, as of now, Coinbase, Fred Ehrsam, and Brock Pierce have not issued any further public statements regarding this matter. (Decrypt)