Key Insights
- Coinbase received a $3 million investment in 2014 when oversight in crypto was still weak.
- The files do not show illegal activity or improper influence on Coinbase or its founders.
- A 2017 email mentioning Vitalik Buterin reflects early networking, not direct involvement.
Some old documents about Jeffrey Epstein are being shared again online. These files include emails and investment records from the early days of crypto. A few of them mention the early funding from Coinbase and a 2017 email that talks about Vitalik Buterin.
Because of this, many people are now asking questions about how crypto worked years ago, when there were very few rules and very little checking. One thing needs to be clear from the start. These files do not show any crime.
They do not prove that Coinbase, Vitalik, or anyone else did something wrong. They only show old money links and private messages from a time when the crypto industry was still very new.
Early Coinbase Funding and the Epstein Connection
One part of the files focuses on an investment made in 2014. According to the documents, Jeffrey Epstein invested about $3 million in Coinbase.
At the time, Coinbase was valued at around $400 million and was trying to grow amid uncertainty.
The investment was allegedly arranged through Brock Pierce, an early crypto investor linked to Blockchain Capital. The files also allegedly indicate that Fred Ehrsam, one of Coinbase’s co-founders, was aware of the funding.
This was years before Epstein’s crimes became widely known. There is nothing in the files showing that Coinbase’s business decisions were influenced by this investment.
Besides, there is also no evidence that the company knew anything about Epstein’s later criminal activities at the time.
What the documents show is simple. An early financial link might have existed. Nothing more than that.
Vitalik Buterin Was Also Mentioned
October 2017 emails reveal another interesting angle besides Coinbase. It was written by Masha Drokova, a tech entrepreneur who had contact with Epstein during that period.
In the email, she talks about finding a young blockchain developer in Russia and says he could become “better than Vitalik Buterin” if he focused on technology.
She was using Vitalik’s name as a comparison to promote new talent.
The email does not show any contact between Epstein and Vitalik, or even any meetings. Besides, it does not show deals or any funding updates.
Vitalik appears in this email only as a reference point. Not as a participant.
What These Files Say About Early Crypto Oversight & Coinbase?
Apart from Coinbase, when these documents are viewed together, they paint a picture of how the crypto industry worked in its early years.
Meanwhile, between 2013 and 2017, regulation was weak. There were a few formal rules. Investor checks were limited. Reporting standards were basic. Many companies were built quickly, often without strong compliance systems.
This made it easier for controversial figures to enter the space quietly. It also meant founders focused more on building products than on asking where every dollar came from.
That environment has changed. Today, major exchanges face strict reporting rules. Venture firms run deeper checks. Regulators monitor funding sources closely. Compliance teams are now a core part of crypto businesses.
Meanwhile, the industry learned from its early mistakes. It is also important to repeat one thing. These files do not confirm fraud, manipulation, or coordination by Coinbase, Vitalik, or any other crypto leader.
They do not show criminal activity inside crypto companies. They only reveal historical links and conversations from a different era.