Lookonchain: Suspected addresses related to Erik Voorhees added 2,920 ETH

According to an on-chain report published on May 8 by the blockchain monitoring platform Lookonchain, an address suspected of being linked to ShapeShift founder Erik Voorhees that was tagged by on-chain analytics firm Arkham added 2,920 ETH on that day, worth about $6.67 million at the then-current price.

Details of this additional buy

According to Lookonchain’s May 8, 2026 on-chain monitoring report, the address involved and tagged by the Arkham platform purchased 2,920 ETH on that day, worth about $6.67 million, representing the latest transaction in Lookonchain’s ongoing tracking record of that address. Lookonchain cited Arkham on-chain data indicating that the address had previously accumulated a holdings balance of 123,184 ETH.

Address ownership dispute: Voorhees publicly denies

According to a March 16, 2026 report by The Block, on-chain analysts linked a series of large ETH purchase transactions to Erik Voorhees by using Lookonchain and the Arkham platform.

Lookonchain cited Arkham data indicating that the address purchased 23,393 ETH with 49.08 million USDT through two different wallets—0x3e6…Ef2f7 and 0x431…10c91. Other data show that, a year earlier, the same address sold 12,886 ETH at a price of $3,324 per ETH.

Voorhees then posted on social media, explicitly denying that the involved wallets are related to him, saying, “It’s not mine.” The Block reported that it contacted Voorhees directly regarding the relevant transactions; as of the time of publication, it had not received confirmation from him.

Current holdings of the involved address

According to Arkham data, the current holdings of the two involved wallets are as follows:

0x3e6…Ef2f7: Holds $4.44 million USDT and 8.64 million aETHUSDT (Aave Ethereum USDT), continuously swapping ETH using USDT

0x431…10c91: Has converted all USDT into ETH

Lookonchain data shows that the two wallets combined hold 24,968 ETH, with a market value of about $56.50 million. In addition, according to The Block, earlier this week the involved address also bought tokenized gold crypto XAUT and PAXG worth $23.70 million.

FAQ

Has Erik Voorhees himself confirmed the ownership of the involved wallets?

Voorhees has publicly denied that the involved wallets belong to him, explicitly stating on social media, “It’s not mine.” According to The Block’s March 16, 2026 report, as of the time of publication, Voorhees had not provided official confirmation regarding the specific transactions.

What is the ETH holdings scale of the suspected Voorhees-linked address?

Based on Lookonchain’s on-chain monitoring data as of May 8, 2026, the involved address previously accumulated 123,184 ETH, and added another 2,920 this time. Arkham data also shows that the two main involved wallets together hold 24,968 ETH, with a market value of about $56.50 million.

Which organization is the source of this monitoring data?

According to a report published by Lookonchain on May 8, 2026, the relevant on-chain data cited come from Arkham’s monitoring system. The Block also independently reported on the historical transactions of the same batch of addresses on March 16, 2026.