BlockBeats News, February 2nd, according to The Block, Blockstream CEO Adam Back recently issued a statement denying any direct or indirect financial ties between the company and the late financier Jeffrey Epstein or his estate. This statement was released after the U.S. Department of Justice publicly released millions of pages of Epstein-related documents, which showed that Back and co-founder Austin Hill had email exchanges with Epstein.
Back explained that Epstein was a limited partner in a fund that held a minority stake in Blockstream, but has since fully divested. The newly unsealed documents also reveal that Epstein had connections with several figures in the cryptocurrency industry and had proposed creating a digital currency based on Bitcoin technology.
Previously, newly exposed Epstein documents showed that Epstein participated in the seed funding round of Bitcoin infrastructure company Blockstream, which totaled $18 million. Epstein’s investment increased from $50,000 to $500,000.
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