Home Blockchain News WSJ Falsely Overstates ‘$9 Million’ ShapeShift Money Laundering Claim: Analysis

WSJ Falsely Overstates ‘$9 Million’ ShapeShift Money Laundering Claim: Analysis

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Blockchain investigation and cybersecurity firm CipherBlade has done its own research, the results of which seem to exonerate crypto exchange ShapeShift from a scathing report in The Wall Street Journal. Shapeshift CEO Erik Voorhees was the first to tout the results, which exposed holes in the Journal’s methodology, knowledge of crypto, and other shortcomings. In CipherBlade’s published response, the firm dismantles the Journal’s key allegations one by one, chief among which was that ShapeShift facilitated a $9 million laundering comprised of swapping bitcoin and Ethereum for under-the-radar coins like Monero. WSJ journalists offered little proof of their claims, and the

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* First published on ccn.com

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