Bitcoin Contributor Adam Back Faces Backlash While Distancing from Jeffrey Epstein
The recently released Jeffrey Epstein files are unmasking top industry players for having an association with the disgraced financier. One such name of a Bitcoin BTC $77 806 24h volatility: 0.8% Market cap: $1.56 T Vol. 24h: $86.10 B contributor, Adam Back, has stirred up market reaction, drawing significant backlash. Back has just released his statement distancing himself from the Epstein episode entirely.
Bitcoin Contributor Adam Back Distances Himself from Jeffrey Epstein
Adam Back, the CEO of Blockstream and an early Bitcoin contributor, has responded to newly released documents from the Jeffrey Epstein files. He has denied any ongoing or direct relationship between the company and the late financier.
In a statement posted Feb. 1 on X, Back said Blockstream has “no direct nor indirect financial connection with Jeffrey Epstein, or his estate.” His comments follow the US Department of Justice’s continued release of Epstein-related materials.
Some of the documents are emails from July 2014 in which Blockstream co-founder Austin Hill discussed the company’s seed funding round with Epstein and Joi Ito. Moreover, unsealed records also name Adam Back Back and Austin Hill in travel booking confirmations for a trip to St. Thomas, an island near Epstein’s private compound.
Addressing the disclosures, Back said Blockstream was introduced to Ito during a 2014 investor roadshow, which led to a meeting with Epstein. Epstein was presented at the time as a limited partner in Ito’s investment fund.
This fund later had a minority stake in Blockstream. However, Back added that the fund subsequently divested its shares due to concerns over a potential conflict of interest.
Adam Back Faces Community Backlash
Following his latest disclosure, the community has lashed out at Adam Back and remains critical of his past ties. Toby Cunningham, the host of the Crypto Tips podcast, was one of those who reacted to the updates.
One user wrote that Epstein was already convicted when he got in touch with Adam Back. “You tainted BTC forever you sicko, you contributed to the downfall of BTC. This is the only thing you will be remembered for the most… its downfall.. Disgusting, you have no honor, morals or ethics,” wrote another pseudonymous user dubbed Kushed Crypto.
nextThe post Bitcoin Contributor Adam Back Faces Backlash While Distancing from Jeffrey Epstein appeared first on Coinspeaker.
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