WSJ: Investigation finds $88m in laundered money using cryptocurrency


October 1 2018

At the end of last week, the Wall Street Journal published a thoroughly-investigated report of illicit funds close to $100 million being funnelled through cryptocurrencies via crypto exchanges.

The article details that at least 46 exchanges were involved in the laundering of $88.6 million. However; most of the stolen funds were reportedly sent via Shapeshift, a multi-coin exchange that until recently has prided itself on its no-registration required mechanic. While backing up the claim, the WSJ details the experience of a credit card thief, a North Korean agent and the benefactor of a widespread Ponzi scheme.