Blockchain intelligence firm CipherBlade has accused the Wall Street Journal (WSJ) of using flawed investigative methods and thus overestimating the extent of alleged money laundering via crypto exchange ShapeShift. CipherBlade’s analysis of the WSJ report was published in a blog post on March 20.
As reported, the WSJ published a lengthy exposé in fall 2018 that alleged ShapeShift had facilitated the laundering of at least $9 million via cryptocurrencies — purportedly more than any exchange with offices in the United States in the course of the Journal’s investigations.
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