The Bitcoin Ouroboros: From Epstein's Emails to Iran's Toll Booth at the Strait of Hormuz

The snake eats its tail.

In January 2014, Jeffrey Epstein emailed two messages three days apart. On January 19, he pitched "a Russian version of bitcoin" to Putin's orbit through Thorbjorn Jagland at the Council of Europe. On January 22, he told Reid Hoffman about "inquiries from interesting people regarding bitcoin-type currency." In July 2014, he sent Peter Thiel a substantive Bitcoin analysis discussing "store of value" and "intrinsic value." In October 2017, the co-founders of Blockstream — the company that builds Bitcoin's infrastructure layer — presented "documents and diagrams" at Epstein's Palm Beach home.

Epstein brokered crypto intelligence between Silicon Valley and hostile states. He did this while maintaining a relationship with Ehud Barak, former Prime Minister of Israel, documented in 2,302 files in our archive. "Hi Jeff, please call me when you can." Israel installed security equipment at Epstein's Manhattan apartment and controlled access to the building, per Drop Site News reporting on DOJ emails. An FBI document released by the DOJ alleged Epstein "trained as a spy" under Barak and was co-opted as a Mossad agent.

Netanyahu says Barak's relationship with Epstein proves Epstein did NOT work for Israel. He says this while a former Israeli intelligence officer named Ari Ben-Menashe alleges on camera that Netanyahu uses the Epstein files as leverage against Trump. Those allegations are unsubstantiated. They are also not going away.

That is the first thread. Here is the second.

The War

On February 28, 2026, Trump and Netanyahu launched strikes against Iran. The stated goals were dismantling Iran's nuclear program, curbing regional power, and creating conditions for regime change. Six weeks of fighting disrupted global energy markets and spread across the Middle East.

On April 7, a two-week ceasefire was brokered by Pakistan. The ceasefire is already collapsing. Netanyahu said it does not include Hezbollah operations in Lebanon. Hezbollah responded by firing rockets at northern Israel. Iran accused the US of violations. The Soufan Center says the ceasefire "hovers on the verge of collapse."

Iran emerged "bruised but with leverage over Hormuz" per Military Times. The IRGC now controls the most important oil chokepoint on earth and is charging rent.

The Toll Booth

Since mid-March 2026, the Islamic Revolutionary Guard Corps has charged ships $1 per barrel of oil to transit the Strait of Hormuz. A fully loaded supertanker pays up to $2 million. Payment is accepted in Bitcoin, USDT, or Chinese yuan routed through Kunlun Bank via CIPS — outside SWIFT, outside the dollar, outside sanctions.

Ships email their cargo details to Iranian authorities. Once assessed, they get "a few seconds" to pay in Bitcoin. The speed is deliberate — the transaction closes before it can be traced or seized.

At current traffic levels, this generates $20 million per day from oil tankers alone. If LNG vessels are included, the estimates reach $600-800 million per month. Annualized, that is $7-10 billion — from a toll booth at the world's most important chokepoint.

Into Whose Coffers

The IRGC controls more than 50% of all Iranian cryptocurrency flows, per Chainalysis. IRGC-linked addresses received over $3 billion in crypto in 2025. Israel's National Bureau for Counter Terror Financing identified 187 IRGC crypto addresses holding $1.5 billion in USDT stablecoins.

Iran moved $7.78 billion in cryptocurrency in 2025. 87% flows through Nobitex, Iran's largest exchange. Two-thirds runs on the TRON network as TRC-20 USDT.

The money from the Hormuz tolls goes to the IRGC. The IRGC's Quds Force distributes crypto to Hezbollah in Lebanon, Hamas in Gaza, the Houthis in Yemen, and Iraqi militias. This is documented by Chainalysis, Elliptic, TRM Labs, and the Washington Post.

The Houthis use that funding to attack ships in the Red Sea. Those attacks reroute commercial shipping through the Strait of Hormuz. Iran charges Bitcoin to let them pass. The revenue funds the Houthis. Who attack more ships.

It is a self-funding loop.

The Ouroboros

Now connect the threads.

Epstein brokered crypto intelligence between Silicon Valley and state actors. The files document conversations with Hoffman, Thiel, Sinofsky, Blockstream, and a "Russian bitcoin" pitch to Putin's orbit — all between 2013 and 2018. Epstein maintained a documented relationship with Ehud Barak (2,302 files) and Israel installed security at his Manhattan apartment. An FBI document alleges he was a Mossad asset. Netanyahu denies it. A former Israeli intelligence officer alleges Netanyahu uses the Epstein files as leverage over Trump. Trump launched a war with Iran alongside Netanyahu. The war gave Iran leverage over the Strait of Hormuz. Iran monetized that leverage using Bitcoin. The Bitcoin revenue funds the IRGC and its proxies. The proxies attack ships. The attacks create more demand for the toll. The toll generates more Bitcoin. The Bitcoin funds more attacks.

Meanwhile, Trump pardoned Ross Ulbricht — the original Dread Pirate Roberts of the Silk Road — on Day 1 of his presidency. Charlie Kirk lobbied for that pardon. Kirk was assassinated in September. Someone sent Ulbricht $31 million in anonymous Bitcoin traced to an AlphaBay connection. Kirk was the only person who could testify about who asked him to ask Trump. Dead men don't testify.

And Scott Bessent — Soros's protege, now Trump's Treasury Secretary — killed the strategic Bitcoin reserve in February. Bitcoin crashed from $126,000 to $67,000. The Trump family had already cashed out $1 billion from their WLFI crypto venture. Their investors are locked in and cannot sell.

Epstein's crypto conversations became Silicon Valley's Bitcoin infrastructure. Bitcoin became Trump's libertarian play. Trump's pardon became Ulbricht's freedom. Kirk's lobbying became Kirk's assassination. Iran's war became Iran's toll booth. The toll booth runs on Bitcoin. The Bitcoin funds the proxies. The proxies create the conditions that justify the toll.

The snake eats its tail. The ancient Files of Epsteinus foretold it.

What We Have

400,750 indexed Epstein documents. 153 hits for Netanyahu. 2,302 hits for Ehud Barak. 86 hits for Mossad. 434 hits for Bitcoin. 1,035 hits for Wexner. 8,117 hits for Bondi. 15,136 hits for Maxwell.

The search is free. The documents are public. The connections are drawn from files that the DOJ released and then refused to prosecute.

We did not invent the ouroboros. We just indexed it.

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Her name was Renee Nicole Good.