Erik Voorhees: Complying With BitLicense Would Have Made ShapeShift Hack Much Worse
The recent hacks at ShapeShift, a sort of vending machine for altcoins, has been one of the biggest stories in Bitcoin for the past few weeks. Although the hacks were a serious hit to the exchange, CEO Erik Voorhees claims things could have been much worse if the startup had decided to comply with BitLicense regulations in New York. Traditional....
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According to ShapeShift founder and CEO Erik Voorhees, the company's recently launched iOS app "sailed through" the Apple App Store approval process. "We were expecting quite a bit of pushback from Apple because there have been lots of these horror stories about bitcoin apps, you know, never getting past the bar," he told CoinDesk. "And so we submitted it and crossed our fingers." Since its launch - notable for its release on an app platform known for its restrictive policy toward digital currency - the ShapeShift app has been downloaded more than 600 times, says Voorhees. Issues with the....
On the latest episode of the Bitcoin.com Podcast, our host Zach Doty sat down with ShapeShift CEO Erik Voorhees to discuss the recent hack that took place at the exchange. Voorhees detailed the events before and after the hack, sharing his personal reactions to the theft. Voorhees spoke with Zach as a follow up to the guest post Voorhees published on....
Instant multi-currency exchange ShapeShift was the victim of a security breach led by a previous team member, company CEO Erik Voorhees has revealed. Posting an update on ShapeShift’s homepage, which has been offline since the breach was discovered on April 7, Voorhees wrote: Since the investigation into the ShapeShift hack last week started, we had....
Recently, popular cryptocurrency exchange ShapeShift was hacked twice. The first time, an employee was behind the theft. Then, the employee, “Bob,” sold information to a second hacker, who stole from ShapeShift again. After publishing a play-by-play article on Bitcoin.com, CEO Erik Voorhees sat down with us to talk about what his company is doing in the....
ShapeShift, a popular cryptocurrency exchange based in Switzerland, terminated its services in New York today, due to the state’s BitLicense regulations for digital currencies. Erik Voorhees, Shapeshift Founder and CEO, told CNBC: Voorhees has decided not to to comply with the BitLicense, explaining that ShapeShift is not willing to take the risk of exposing its users’ personal information, leaving them susceptible to potential data breaches or hacking attacks. The exchange is known for its ease of use because it doesn’t require users to create accounts. "We either would have to do....