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Another story on ShapeShift—and remember, this is really more about the exchange than analytics firm CipherBlade. Gerard has some great "outtakes" in here and a good summary on why all this is important.

davidgerard.co.uk

ShapeShift and CipherBlade: money laundering accusations, and shells within shells

There’s stuff you can’t say in a proper magazine with offices and so on. So here’s a few DVD extras from the Decrypt article on ShapeShift and CipherBlade.

Jesse Powell

@jespow

Replying to

@ahcastor

I read it but what’s the takeaway supposed to be? I didn’t see anything refuting the report.

1:22 AM · Mar 24, 2019Twitter for iPhone

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"Outtakes," meaning items that didn't make it into the DeCrypt story. Takeaway is this: "The real story here is ShapeShift trying to protect its image. It’s odd that they didn’t hire a better-known blockchain analytics firm—or, at the very least, pay CipherBlade for their work."

Jesse Powell

@jespow

Mar 24, 2019

Thanks for explaining. Seems natural that a wrongfully disparaged company would want to protect its image. That CipherBlade didn't get paid, IMO, makes the report more valuable. It's an expertise/marketing display for a startup firm. We should judge the content, not the author.

Replying to

There is nothing refuting the report. The report says the exchange facilitated ML, but to a lesser extent what WSJ said. Gerard says "trying to imply that money laundering doesn’t happen there, or is meaningless to the extent it does happen, is nonsensical."