Troubling emails confirm Coinbase founders knew convicted offender Epstein funded company
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Documents released by federal authorities reveal that convicted sex offender Jeffrey Epstein placed a substantial sum into the cryptocurrency platform Coinbase nearly a decade ago, with correspondence suggesting the company’s top executives were informed about who was behind the money. The U.S. Justice Department made public a collection of emails on Friday that detail how Epstein put $3 million into the digital currency exchange in December 2014. The deal came through connections with Brock Pierce, who helped create Tether, and his investment company, Blockchain Capital. Company executives were aware of investor’s identity A spokesperson for Blockchain Capital confirmed Pierce had discussions with Epstein about raising funds that year. During those talks, the chance to put money into Coinbase’s Series C funding came up through email exchanges. The representative explained that while a fund investment never went through, Epstein decided to invest on his own through a company he controlled called IGO Company LLC. The $3 million went directly into Coinbase’s Series C round. Blockchain Capital said they cannot explain why Epstein chose to invest in Coinbase. The email records show that Fred Ehrsam, who started Coinbase alongside another founder, personally knew the investment was coming from Epstein. In a message dated December 3, 2014, Ehrsam requested a meeting with Epstein in New York to talk about the arrangement. “I have a gap between noon and 3pm today, but again, not crucial for me, but would be nice to meet him if convenient,” Ehrsam wrote in the email. “Is it important for him?” That same day, Brad Stephens, who co-founded Blockchain Capital, sent Ehrsam an email saying they could proceed with the investment. Right after, Coinbase’s banking information for wire transfers went to Stephens, who then passed it along to Darren Indyke, who worked as Epstein’s executive assistant. However, Blockchain Capital…
Filed under: News - @ February 4, 2026 10:29 am