Firm Tied to Cryptocurrency Entrepreneur Faces SEC Investigation

Securities regulators are questioning a company’s $50 million cryptocurrency sale, an executive with the organisation said, and people informed with the examine pronounced it includes looking at either a distinguished bitcoin businessman pennyless the law by removing concerned with the company’s fundraising.

The entrepreneur, Erik Voorhees, is arch executive of ShapeShift AG, a digital-asset sell that suspected criminals have used to refine millions of dollars in allegedly ill-gotten gains, The Wall Street Journal reported progressing this year….

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