PANews reported on February 3 that, according to newly disclosed emails from the U.S. Department of Justice, the late sex offender Jeffrey Epstein invested $3 million in Coinbase's Series C funding round in 2014 through his entity IGO Company LLC, at which time Coinbase was valued at $400 million. The emails indicate that Coinbase co-founder Fred Ehrsam was aware of the investment and had planned to meet with Epstein to discuss the matter.

The investment was facilitated by Tether co-founder Brock Pierce and his venture capital firm, Blockchain Capital. Although Blockchain Capital stated that it did not directly accept the Epstein investment, Justice Department documents show that the purchase of Coinbase equity is clearly documented in its asset inventory.

It's worth noting that Epstein was convicted of sex offenses in 2008 and became a registered sex offender, drawing widespread attention to his investment activities. Currently, Coinbase's market capitalization has reached $51 billion. Coinbase and related parties have not yet responded to this matter.

Previously, Blockstream's CEO clarified that there was no financial connection between them and Epstein .