WSJ investigates ShapeShift's role in cryptocurrency money laundering

The Wall Street Journal tracked funds from over 2,500 suspected crimes that used bitcoin and ether, identifying ~$90M laundered through 46 cryptocurrency exchanges. The top five exchanges, by laundered funds received, includes Binance, Bitfinex, ShapeShift, BTC-e, and Bittrex. Of these 46 exchanges, ShapeShift processed ~$9 million of the laundered funds, which is more than any other U.S.-based exchange. ShapeShift recently announced that the company was implementing know-your-customer rules on its exchange. (Source: WSJ)