Crypto: Doj-released Emails Suggest Epstein Made $3.2m Coinbase Investment...

Jeffrey Epstein may have made a $3.2 million investment in Coinbase in 2014 and sold some of it for $15 million in 2018, according to the latest batch of released emails.

Newly released US Justice Department emails suggest Jeffrey Epstein, the late financier and convicted sex offender, gained exposure to early cryptocurrency venture investments through intermediaries, including a reported stake in Coinbase.

Epstein may have invested $3.25 million into cryptocurrency exchange Coinbase back in 2014, according to files released by the US Department of Justice (DOJ).

The emails suggest an entity linked to Epstein acquired 195,910 Series C shares for a total of $3.25 million when Coinbase was valued at $400 million.

The documents do not indicate that Coinbase executives had direct dealings with Epstein or were aware of the ultimate beneficial owner of the investment at the time.

“When we figure out which LLC will be making the $3m investment, we will have them change the name of the investing entity. Wire instructions are also included,” wrote Bradford Stephens, the founder and managing partner of Blockchain Capital, in an email on Dec. 4, 2014, to Darren Indyke, one of Epstein’s known associates.

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The latest batch of Epstein-related documents shows that the late sex trafficker had growing ties to the early development of the crypto industry and that he invested in numerous top crypto-native firms.

The investment was made through three separate limited liability companies (LLCs), including Crypto Currency Partners II LLC, Crypto Currency Partners II LLP, and Crypto Currency Partners LP.

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Source: CoinTelegraph