- Newly released documents reveal Coinbase knowingly accepted a $3 million investment from Jeffrey Epstein in 2012.
- Founder Fred Ehrsam was aware of Epstein’s identity and sought to meet him, according to email evidence.
- Blockchain Capital principals and Brock Pierce facilitated the investment, later negotiating to buy Epstein’s stake.
- Coinbase conducted due diligence on the investor but proceeded to accept the funds regardless.
A trove of newly released court documents has exposed a direct financial link between the cryptocurrency exchange Coinbase and the convicted sex offender Jeffrey Epstein. The emails show that in 2012, Epstein invested $3 million into the company with the help of Blockchain Capital principals and entrepreneur Brock Pierce.
Pierce explicitly informed Epstein that “to let the founder know who you are” was a prerequisite for the investment. Consequently, Coinbase founder Fred Ehrsam was made aware of the source of the funds. Ehrsam confirmed his availability for a meeting, noting it “would be nice to meet him.”
The company then provided wire instructions to complete the transaction. Meanwhile, Read more: Brock Pierce’s dark and disturbing friendship with Jeffrey Epstein. Years later in 2018, Blockchain Capital attempted to purchase Epstein’s stake, offering $15 million for his initial $3 million investment.
Epstein rejected that offer and proposed an alternative deal. Importantly, Coinbase had conducted due diligence on the investor prior to accepting the capital. The exchange ultimately decided to enrich a known sexual predator, demonstrating a profound ethical failure.
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