wry Posted September 29, 2018 #1 Posted September 29, 2018 This one really annoyed me! The Wall Street Journal (mainline US business newspaper, normally right of center) did an "expose" on Shapeshift. They claim millions of USD of Bitcoin are moved through there by bad guys and turned into super private Monero. Then the bad guys can turn it back into BTC and sell it. While I think most of what they say is true, the implications it draws are extreme, like this is some horrible service. Real banks launder FAR more money than crypto has ever done through Shapeshift. At least Eric Voorhees has some good quotes and trying to push back, but his own employees undercut him. I really think it's more of an issue, if it's an issue at all, for Monero rather than Shapeshift. Decentralized exchanges cannot get here too soon in my view! You have to pay to see the Wall Street Journal article, but the Coindesk summary and coverage is free at: https://www.coindesk.com/wsj-investigation-alleges-88-million-laundered-through-46-crypto-exchanges/ I've only dabbled with Monero. It seems to have VERY high transactions fees and so I left it alone, but if it is really this private, maybe I should check more into it! What do you think?
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