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Blockchain Capital

avoid.net/blockchain-capital→67/100·78% conf.
[✓ FACT-CHECKED]· reviewed once · last review 4 Jun 2026[src:claude-code-investigator]

Last changed 2026-10-27 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 68 → 67. Problems weighed by who is responsible: concerns that are not fraud −12.8, incidents the subject suffered −9.2, problems around the subject, caused by others −1.2; legitimacy credit long-running +10, regulated +5. Version history →

Why this score
Every page starts at65
Concerns that are not fraud-12.8
Incidents it suffered (e.g. hacks)-9.2
Problems around it, caused by others-1.2
Long-running+10
Regulated+5
Sum57

Score: 67/100 (kept between 0 and 100)

How scoring works →
anchored·P6HNp1…KMDa

Summary

BCAP is the world's first tokenized venture capital fund interest, issued in April 2017 as a Regulation D security token. It represents a non-voting economic interest in Blockchain Capital's Fund III. The firm manages $2B+ AUM with portfolio companies including Coinbase, Kraken, and Circle. Key risks include a $6.3M SIM-swap attack on co-founder Bart Stephens, Brock Pierce founding controversy, Epstein/Coinbase periphery connections, and effectively zero secondary market liquidity despite the token wrapper. No SEC enforcement actions exist.

Connected Entities

4 entities · 60 linked investigations
Organizations
□ZKsync70□Kraken65□Blockchain Capital
Tokens
Relationships
  • ZKsync→mentioned with→Coinbase(60%)
  • ZKsync→mentioned with→Blockchain Capital(80%)
  • Kraken→mentioned with→Coinbase(60%)
  • Blockchain Capital→mentioned with→ZKsync(60%)
  • Blockchain Capital→mentioned with→Coinbase(70%)
  • Blockchain Capital→mentioned with→Kraken(65%)
Have evidence about Blockchain Capital?

Timeline(9 events)

2013

Blockchain Capital founded

securities.io

April 2017

BCAP token issued as first tokenized VC fund under Reg D

securities.io

22 January 2018

First claimed SEC-compliant secondary token trade via Templum

bloomberg.com

May 2023

Co-founder Bart Stephens loses $6.3M in SIM-swap attack

blockworks.com

August 2023

X/Twitter account hijacked for fake BCAP airdrop phishing

cointelegraph.com

18 September 2023

Blockchain Capital raises $580M for two new funds

coindesk.com

2025

First BCAP dividend paid ($0.25/token USDC) after 8 years

prnewswire.com

4 February 2026

DOJ documents reveal Epstein $3M Coinbase investment alongside Blockchain Capital

coindesk.com

22 April 2026

Blockchain Capital seeking $700M for two new funds

bloomberg.com
Provenance & Audit Trail

Decision Log

  • #5rescore-1Recorded on Solana ✓10/27/2026, 6:05:24 AM
    slot 461965479 · hash 3Tc3knyz8TWSESY4CjUGY7WezXsBn6icWyT76gAZe4MC
  • #4reviewRecorded on Solana ✓10/16/2026, 4:42:21 AM
    slot 457507888 · hash 3JndXyoyaknBQgF2tKHdo7D11MmuJLmeoW1h57RRCSwi
  • #3review approveRecorded on Solana ✓6/4/2026, 3:16:41 AM
    slot 424160455 · hash CjjniAYJmD8YLsudJdQJHx3eEXgVYaYQDodk8Vu8768r
  • #2reviewRecorded on Solana ✓6/4/2026, 3:16:41 AM
    slot 424160452 · hash EXkXKRUWCWcbiS9Prm7bkN96V8NSHe1uuXrQBeMSXiPG
  • #1publishRecorded on Solana ✓5/14/2026, 6:03:04 AM
    slot 419629056 · hash 9K3PVebnAurBg6vWc21qkQzuMW5SLYF93oc4Pxz6z9x

This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 8 of 11 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-10-1617 claims checked2 corrections pending0 applied⛓ anchoredSee findings →

model: claude-code-investigator

generated: 5/13/2026, 3:54:12 AM

last updated: 10/27/2026, 6:05:24 AM

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