31:
203:. ShapeShift, unlike many exchanges, did not require user identification, allowing for anonymous transactions. This lack of oversight enabled criminals, including North Korean hackers and Ponzi scheme operators, to launder nearly $ 90 million in criminal proceeds, with ShapeShift processing the largest portion of these funds among exchanges with U.S. presence. ShapeShift's policy facilitated the conversion of traceable cryptocurrencies like Bitcoin into untraceable ones like
215:
Voorhees, has been used by criminals to launder money, leading to law enforcement scrutiny and
Voorhees has previously settled with the SEC for conducting an illegal stock offering for an internet gambling company, and his involvement with Salt's private offering raises legal concerns regarding his compliance with SEC regulations.
173:
In April 2012, Voorhees launched
Satoshi Dice, a bitcoin gambling site. Satoshi Dice would at one point in time account for half of all Bitcoin transaction volume. Around 2012, after becoming a millionaire from his cryptocurrency investments, Voorhees indicated that he had almost completely cashed
214:
stated, that the SEC had been analysing whether Salt's token sale should have been registered as a securities offering and if it had violated a 2014 settlement banning
Voorhees from such fundraising. As it was stated in a previous WSJ significant investigation on Voorhees, ShapeShift, run by
174:
out, but clarified that he meant cashing out of traditional dollars, not cryptocurrencies. In 2013, he sold
Satoshi Dice for $ 11.5 million worth of bitcoin. In 2014, Voorhees paid $ 50,000 to the
210:
In 2018, Erik
Voorhees was implicated in an SEC investigation into a $ 50 million cryptocurrency sale by Salt Lending Holdings Inc., where he was involved in fundraising.
127:. After graduating, Voorhees moved to Dubai, where he worked as a communications manager for a real estate company. Since 2013, he has been living in Panama.
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to settle an investigation into allegations of selling unregistered securities, associated with his sale of shares of
SatoshiDice.
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In 2022, Voorhees was quoted in media in opposition to financial surveillance, in relating to a public spat he had with
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119:, where he became friends with a fellow student named Nic Cary who would subsequently introduce to Voorhees
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526:
The Age of
Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order
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378:
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108:
8:
828:
Catching Up to FTX: Lessons
Learned in My Crusade Against Corruption, Fraud, and Bad Hair
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222:, as SBF was promoting regulation of the crypto industry and Voorhees was opposed to it.
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585:"First big Bitcoin acquisition: gambling site SatoshiDice bought for $ 11.5M"
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30:
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in 2011. His discovery of the
Bitcoin coincided with his involvement in the
474:
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615:"Cryptocurrency: rise of decentralised finance sparks 'dirty money' fears"
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exchange. In 2014, an interview with him was included in the documentary
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91:. He also co-founded Satoshi Dice and was the Director of Marketing at
88:
447:
36:
714:"'This is how money should be': Digital asset pioneer Erik Voorhees"
853:"Sam Bankman-Fried, Erik Voorhees and the battle for crypto's soul"
332:"Bitcoin Entrepreneur Agrees to Pay $ 50,000 to Settle SEC Charges"
112:
768:"Firm Tied to Cryptocurrency Entrepreneur Faces SEC Investigation"
643:"Firm Tied to Cryptocurrency Entrepreneur Faces SEC Investigation"
407:"How Dirty Money Disappears Into the Black Hole of Cryptocurrency"
856:
805:
717:
190:
142:
120:
81:
199:. In 2017 he stated he supported Segwit2x in the regards to the
766:
Michaels, Dave; Scheck, Justin; Shifflett, Shane (2018-11-15).
640:
Michaels, Dave; Scheck, Justin; Shifflett, Shane (2018-11-15).
305:
204:
271:
SBF: how the FTX bankruptcy unwound crypto's very bad good guy
801:"Crypto exchanges enabled online child sex-abuse profiteer"
551:"Opinion | Can You Get Rich With Bitcoin? Sure, but Slowly"
99:
and has advocated for "the separation of money and state".
170:
article quoted him as BitInstant's director of marketing.
211:
157:
87:
entrepreneur and founder of the cryptocurrency exchange
765:
639:
470:"Bitcoin company says debit cards coming in two months"
498:"Bitcoin: Making Online Gambling Legal in the U.S.?"
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641:
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405:
377:
330:
240:
740:"Can You Get Rich With Bitcoin? Sure, but Slowly"
242:"Can You Get Rich With Bitcoin? Sure, but Slowly"
874:
443:"Get ready for BitInstant's Bitcoin debit card"
404:Scheck, Justin; Shifflett, Shane (2018-09-28).
403:
670:
329:Casey, Michael J.; Stynes, Tess (2014-06-03).
819:
366:Foley, Stephen; Wild, Jane (June 14, 2013).
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149:, an initiative aimed at recruiting 20,000
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189:, as a response to the downfall of the
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95:. He has been referred to as a crypto-
523:
488:
394:
679:"Bitcoin After the Mt. Gox Meltdown"
319:
299:del Castillo, Michael (2019-01-03).
268:
164:'s head of communications, while an
115:. In 2003, Voorhees enrolled at the
16:American cryptocurrency entrepreneur
711:
676:
440:
160:article, Voorhees was described as
13:
434:
185:, a digital currency exchange, in
14:
909:
851:Roberts, Jeff John (2022-10-21).
677:Eha, Brian Patrick (2014-02-25).
441:Eha, Brian Patrick (2012-08-22).
181:In July 2014, Voorhees launched
792:
759:
705:
633:
606:
577:
542:
495:Winter, Caroline (2013-01-03).
888:People associated with Bitcoin
613:Silverman, Gary (2021-09-14).
359:
273:. Hoboken, New Jersey: Wiley.
153:to relocate to New Hampshire.
1:
799:Berwick, Angus (2022-11-23).
468:Farivar, Cyrus (2012-08-21).
225:
141:, Voorhees first encountered
196:The Rise and Rise of Bitcoin
102:
7:
712:Eha, Patrick (2017-08-16).
301:"Bitcoin's Last Gunslinger"
201:Bitcoin scalability problem
111:in 1984, and was raised in
10:
914:
737:Raskin, Max (2021-02-10).
549:Raskin, Max (2021-02-10).
239:Raskin, Max (2021-02-10).
893:Panamanian businesspeople
117:University of Puget Sound
64:
58:University of Puget Sound
52:
44:
28:
21:
373:Financial Times Magazine
35:Voorhees interviewed by
826:Armstrong, Ben (2023).
772:The Wall Street Journal
413:The Wall Street Journal
368:"The bitcoin believers"
247:The Wall Street Journal
131:Cryptocurrency career
107:Voorhees was born in
78:Erik Tristan Voorhees
23:Erik Tristan Voorhees
524:Vigna, Paul (2016).
269:Dale, Brady (2023).
109:Danbury, Connecticut
746:Wall Street Journal
649:Wall Street Journal
556:Wall Street Journal
338:Wall Street Journal
138:Wall Street Journal
48:American-Panamanian
156:In an August 2012
147:Free State Project
123:and later founded
883:American founders
220:Sam Bankman-Fried
135:According to the
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151:libertarians
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71:entrepreneur
593:VentureBeat
528:. Picador.
187:Switzerland
97:libertarian
45:Nationality
877:Categories
862:2023-12-29
812:2023-12-28
785:2024-01-03
752:2023-12-28
723:2023-12-29
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454:2023-12-29
427:2023-12-29
352:2023-12-29
312:2023-12-28
252:2023-12-28
226:References
183:ShapeShift
162:BitInstant
93:BitInstant
89:ShapeShift
65:Occupation
830:. Wiley.
780:0099-9660
693:0028-792X
658:0099-9660
589:GamesBeat
565:0099-9660
504:Bloomberg
448:CNN Money
422:0099-9660
386:April 21,
347:0099-9660
103:Biography
53:Education
37:Reason TV
113:Colorado
82:American
857:Reuters
806:Reuters
718:Reuters
191:Mt. Gox
143:Bitcoin
121:Bitcoin
39:in 2021
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306:Forbes
277:
205:Monero
80:is an
60:(2007)
832:ISBN
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689:ISSN
654:ISSN
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530:ISBN
418:ISSN
388:2024
343:ISSN
275:ISBN
56:the
212:WSJ
176:SEC
158:CNN
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
