Coinbase Co-founder Fred Ehrsam Moves to Venezuela to Pursue Oil
By: x.com|2026/09/11 02:21:38
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Prefer us on GoogleFred Ehrsam has spent several months living in a luxury hotel in Caracas, building a network and planning to become one of Venezuela's largest oil producers. Although Ehrsam had no prior experience in the oil and gas industry, he is a potential participant in the plan to revitalize Venezuela's oil sector, which was pushed by Trump. Earlier this year, the company co-founded by Ehrsam, Primavera, signed a production-sharing contract with the state-owned oil company of Venezuela.
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