Blockstream CEO denies financial ties with Epstein

According to 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. This statement was released after the U.S. Department of Justice made millions of pages of Epstein-related documents public, which revealed that Back and co-founder Austin Hill had exchanged emails with Epstein.

Back explained that Epstein was a limited partner in a fund that once held a minority stake in Blockstream but has since fully divested. The newly unsealed documents also revealed Epstein's connections with several individuals in the cryptocurrency industry and his proposal to create a digital currency based on Bitcoin technology.

Previously, newly exposed Epstein documents indicated that Epstein was involved in the seed round financing of the Bitcoin infrastructure company Blockstream, which raised a total of $18 million, with Epstein's investment increasing from $50,000 to $500,000.