ShapeShift CEO Rebuts WSJ’s Bitcoin Bash — Crypto Community In Turmoil

WSJ Bashes Crypto, Specifically ShapeShift, For Enabling Money Launders

As per a previous Ethereum World News article, the cryptocurrency community fell under fire on Friday, as two reporters and journalists from the Wall Street Journal, one of the most ‘well-respected’ media outlets in the entire world, bashed crypto assets and the platforms backing it for reportedly facilitating “dirty money.”

In the report, which sparked substantial amounts of controversy in and outside of the cryptosphere, the journalists claimed that at least $88.6 million had been laundered through crypto assets, with ShapeShift allegedly taking a relatively large role in these ‘schemes’.

According to data (which was likely inaccurate or taken out of context) compiled by the WSJ duo, 46 crypto-focused platforms were used to execute laundering transactions, with a reported 9% of the aforementioned figure being routed through ShapeShift specifically, likely due to the ‘instant’ exchange’s…