In the decade before Russia’s invasion of Ukraine in 2022, the U.S. and Russia were engaged in high-stakes exchanges of advanced technology involving the Massachusetts Institute of Technology (MIT) and the Skolkovo Innovation Center—a Russian government-backed technology hub that aimed to jump-start a “venture” innovation ecosystem in Moscow.
Jeffrey Epstein sat at the crossroads of academia, philanthropy, and venture finance as these global capital flows were threatened by the brewing confrontation in Ukraine.
In 2013, during the early cryptocurrency boom, Epstein sought an audience with Vladimir Putin to encourage the Russian president to shift course from the MIT–Skolkovo model. Instead of playing “catch up” with the United States through venture-backed startups, Epstein proposed, Russia could help lead a new financial system based on a novel global currency.
Epstein funded the early development of cryptocurrency through the MIT Digital Currency Initiative, founded in 2015. MIT’s Bitcoin Core Development Fund helped pay bitcoin’s early developers to maintain the open-source software authored by Satoshi Nakamoto, bitcoin’s anonymous inventor. Epstein was an early investor in Coinbase, and he was friends with Brock Pierce, the co-founder of U.S. dollar stablecoin company Tether, which operates, in effect, the world’s largest crypto bank.
Epstein was also recruiting cryptographers to a more ambitious project: hacking the human genome. In an email to a redacted recipient in August 2012, Epstein wrote, “My biology gurus at harvard all agree that the signal intelligence used by the various agencies , could be put to work on breaking the dna code or protein signal problems. breaking foreign codes is the expertise of the us and nsa.” Epstein prompted the recipient to help him recruit “code breakers” from the various intelligence agencies: “it would be great to know which agency button to push.”
Hellbound and Down 