PANews reported on February 2nd that Blockstream CEO Adam Back tweeted that Blockstream has no direct or indirect financial ties to Jeffrey Epstein and his estatePANews reported on February 2nd that Blockstream CEO Adam Back tweeted that Blockstream has no direct or indirect financial ties to Jeffrey Epstein and his estate
Blockstream CEO clarifies there are no financial ties with Epstein.
News Brief
On February 2nd, Blockstream's CEO Adam Back took to Twitter to set the record straight—his company maintains absolutely no financial ties to Jeffrey Epstein or his estate. Here's what actually happened: Back during their 2014 seed funding phase, Blockstream crossed paths with Joi Ito, who was heading up MIT Media Lab then. That introduction led them to Epstein, who they believed was simply a limited partner in Ito's investment fund. While that fund did acquire a modest stake in Blockstream, the shares were quickly divested within months after potential conflicts and concerning signals emerged. The takeaway? Blockstream has never maintained any direct or indirect monetary relationship with Epstein whatsoever.
PANews reported on February 2nd that Blockstream CEO Adam Back tweeted that Blockstream has no direct or indirect financial ties to Jeffrey Epstein and his estate. "During Blockstream's seed funding roadshow in 2014, the company met Joi Ito, then director of the MIT Media Lab. Subsequently, Blockstream met with Epstein, who was described at the time as a limited partner in the Joi Ito Fund. This fund later invested in a minority stake in Blockstream. Several months later, due to potential conflicts of interest and other concerns, the Joi Ito Fund sold its Blockstream shares. Blockstream has no direct or indirect financial ties to Jeffrey Epstein and his estate."
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