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You never really understand a software until you start building with it, says Voorhees. Erik Voorhees, founder of ShapeShift, and Jordan Fish, aka Cobie, crypto investor and host of UpOnly, talk about the collapse of FTX. We will continue to update details on Erik Voorheess family. (Literally a circus, complete with trapezes . At last, in July 2013, Voorhees sold the company to a buyer who was not disclosed for 126,315 BTC, which was worth $11.5 million at that time. As Cary describes the fateful meeting, while Voorhees fished for flounder he cracked open a cheap Budweiser and explained how the open-source code behind bitcoin could eventually become the future of money. Erik Voorhees. We will continue to update this page, so bookmark it and come back often to see new updates. Hes been accused of doing the same thing with Ethereum Classic (ETC), which he and his company promoted as a legitimate alternative to Ethereum. When Erik Voorhees discovered bitcoin, cryptocurrency was untamed. While its relatively simple to predict his income, its harder to know how much Erik has spent over the years. Please check back soon for updates. Shrem was arrested by the DEA and IRS in 2014 for conspiracy to launder $1,000,000 worth of BTC to and from the drug marketplace the Silk Road. Erik Vorhees podcast interview about Ethereum, Bitcoin, and crypto Twitter Star. Back when I first got involved, crypto was a few thousand mostly radical libertarian types, and mostly hardcore engineers or cryptographers really passionate about this cool project, Voorhees says. A successful businessman who stood at the origins of the market has long outgrown young guys who were helped by chance. Though they have been forced to rein this in in recent years, it wasnt before earning a tidy sum in fees from criminals looking to take advantage of the lack of oversight. Erik Voorhees (born 1985) is the founder and CEO of ShapeShift.io - an innovative and pioneering cryptocurrency exchange which allowed anonymous users to instantly exchange several pairs of cryptocurrencies. It leads to disaster. On 11 June 2015, ShapeShift "cut off service to New York in response to the states new regulatory policy for digital currency businesses, BitLicense," which was released in June with the final regulations approved in August.