According to a ChainCatcher report citing 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. The statement came 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Epstein had been a limited partner in a fund that once held a small stake in Blockstream, but the fund had since fully withdrawn its investment. Newly unsealed documents also revealed Epstein's connections with multiple individuals in the cryptocurrency industry and his proposal to create a digital currency based on Bitcoin technology. Earlier reports indicated that the newly released Epstein documents showed Epstein's participation in the seed funding round of Blockstream, a Bitcoin infrastructure company. The round totaled $18 million, with Epstein's investment increasing from $50,000 to $500,000.
Blockstream CEO Denies Financial Ties to Jeffrey Epstein
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Summary
According to cryptocurrency news sources, Blockstream CEO Adam Back has denied any financial connections to Jeffrey Epstein or his estate. The U.S. Department of Justice's release of Epstein-related documents revealed email exchanges between Back, co-founder Austin Hill, and Epstein. Back clarified that Epstein was a limited partner in a fund that once held a minority stake in Blockstream, which was later withdrawn. Newly unsealed documents also reveal Epstein's connections to several cryptocurrency news personalities and a proposed digital currency based on Bitcoin technology. Earlier reports noted Epstein's $500,000 investment in Blockstream's seed round.
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