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Blockstream CEO Denies Financial Ties to Epstein
BlockBeats News, February 2nd, according to The Block, Blockstream CEO Adam Back recently issued a statement denying any direct or indirect financial relationship between the company and the late financier Jeffrey Epstein or his estate. This statement was made public after the U.S. Department of Justice released millions of pages of Epstein-related documents, which revealed that Back and co-founder Austin Hill had exchanged emails with Epstein.
Back explained that Epstein was once a limited partner in a fund that held a small stake in Blockstream, but has since fully divested. The newly unsealed documents also revealed Epstein's connections to several cryptocurrency industry figures and his proposal to create a digital currency based on Bitcoin technology.
In previous news, recently exposed Epstein documents indicated Epstein's participation in the seed funding round of the Bitcoin infrastructure company Blockstream, with the total round amounting to $18 million. Epstein's investment in the seed round started at $50,000 and eventually increased to $500,000.
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