BEARISH 📉 : Coinbase faces backlash over past ties with Jeffrey Epstein

Coinbase is facing scrutiny after documents from the U.S. Department of Justice revealed a potential investment link to Jeffrey Epstein via Brock Pierce’s Blockchain Capital in 2014.

Documents suggest Epstein invested $3 million in Coinbase through Blockchain Capital.
Emails from July 2014 indicate discussions about funding between Austin Hill, Epstein, and Joi Ito.
Kyle Torpey noted uncertainty about whether the investment deal was finalized, but discussions are evident in the files.
Leaked emails imply Epstein had meetings with Coinbase co-founder Fred Ehrsam.
Epstein reportedly sold half of his stake back to Blockchain Capital for approximately $11 million.

Blockstream CEO Adam Back refuted any financial ties with Epstein, stating introductions were made at a 2014 investor roadshow, involving Epstein as a limited partner in Ito’s fund.

Amid allegations, Coinbase is focusing on its newly launched prediction platform in collaboration with Kalshi, allowing trading on real-world events.