Newly unsealed DOJ files link Jeffrey Epstein to a 2014 investment in Coinbase

Investment Involvement - Coinbase co-founder Fred Ehrsam was involved in discussions regarding a $3 million investment from Jeffrey Epstein in 2014, despite Epstein's prior conviction [1][2] - Ehrsam expressed interest in a meeting related to the investment during the funding round [1][3] Communication and Investment Details - Emails reveal direct communication between Epstein's team and Ehrsam, discussing a potential meeting in New York [2] - On December 2, 2014, Brock Pierce contacted Epstein about investing in Coinbase's Series C fundraising round, indicating a first close of $12 million with 20% of the round available [4][5] - Epstein sought advice from Reid Hoffman regarding the investment, who advised against participation, stating he lacked deep insight into Coinbase [5] Financial Transactions - Blockchain Capital co-founder W. Bradford Stephens indicated intentions to invest approximately $3.25 million in Coinbase through three affiliated entities [6] - A valuation report dated December 31, 2014, confirmed a transaction described as "Purchase of Coinbase via IGO LLC" for $3,001,000 [6] Reputational Concerns - Legal and reputational risks have emerged as businesses and individuals associated with Epstein seek to distance themselves, highlighted by JPMorgan Chase and Deutsche Bank settling lawsuits for a combined $365 million related to Epstein's activities [7]