TechFlow News, February 2nd: According to The Block, Adam Back, CEO of Blockstream, recently issued a statement denying any direct or indirect financial ties between the company and the late financier Jeffrey Epstein—or his estate. The statement was released following the U.S. Department of Justice’s public release of millions of pages of documents related to Epstein, which revealed email exchanges between Back and co-founder Austin Hill with Epstein.
Back explained that Epstein had been a limited partner in a fund that once held a minority stake in Blockstream but had since fully divested. Newly unsealed documents also reveal Epstein’s connections with several individuals in the cryptocurrency industry and his proposal to create a digital currency based on Bitcoin technology.
