Epstein invested $3 million in Coinbase in 2014…confirmed as an early investor

JH Kim

Summary

It reported that Jeffrey Epstein was confirmed to have been an early investor who invested about $3 million in Coinbase in 2014.
It said the investment round was led by Brock Pierce, co-founder of Tether (USDT), and his venture capital firm Blockchain Capital.
It reported that Coinbase was valued at about $400 million at the time, and that Coinbase executives raised the investment while being aware of Epstein’s criminal history.

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It has been confirmed that the late sex offender Jeffrey Epstein was an early investor in Coinbase, the largest virtual asset (cryptocurrency) exchange in the United States. Previously undisclosed investment details have surfaced through released court documents, bringing his ties back into focus.

According to Decrypt, a virtual-asset news outlet, records found in hundreds of thousands of documents recently released by the U.S. Department of Justice (DOJ) confirm that Epstein invested about $3 million in Coinbase in 2014. The funding round was led by Brock Pierce, co-founder of Tether (USDT), and his venture capital firm Blockchain Capital.

At the time, Coinbase was valued at about $400 million. Emails included in the documents indicate that Coinbase executives proceeded with the fundraising while being aware of Epstein’s criminal history and conviction.

Since the documents were made public, some figures in the technology and virtual-asset industries previously mentioned as having past connections to Epstein have moved to address related allegations. The DOJ said the release was intended to provide transparency regarding past investigative records.