MGT Capital Investments adds two bitcoin pioneers to advisory board

Investing | June 20, 2016 By:

MGT Capital Investments launched the Cryptocurrency Advisory Board, naming Roger Ver as board chairman and Erik Voorhees as an inaugural member of the board.

The Cryptocurrency Advisory Board will ensure that the company remains current in the protection of this critical field and provide the most state of the art products to its customers.

“Roger and I both understand that cryptocurrencies are here to stay and that the greatest risk to cryptocurrency users is the uneven security surrounding these currencies. Even the most experienced Bitcoin user, for example, risks financial loss if a clever hacker targets them. Key loggers and screen capture spyware – which can easily be planted on mobile device or laptops by simply visiting a website, among other simple means of infiltration – can override most security features of existing wallets. If these types of cyber threats are not remedied, the world risks financial chaos as cryptocurrencies are widely adopted,” said John McAfee, proposed Executive Chairman and Chief Executive Officer of MGT Capital.

Erik Voorhees is an American and Panamanian startup founder. Currently, he is the founder and CEO of the instant bitcoin and altcoin exchange ShapeShift.io.

“I am extremely pleased with this addition to our growing advisory team. Eric is one of the most prolific innovators in the field of cryptocurrency. In addition to his outstanding business experience within the field, he is renowned as a technical innovator. Erik will be a great asset to MGT as we move forward,” McAfee said.

MGT also announced the creation of a Hacker Advisory Board to steer technology development aimed at protecting against cyberthreats. Founding members include Chris Roberts, Bryce Case and Alexander Heid.