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.
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I read it but what’s the takeaway supposed to be? I didn’t see anything refuting the report.
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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."
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yeah, I'm not contradicting the report, this is more details and what I think it means
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Interesting q would be the % of money laundering vs total transaction volume.
All financial instructions deal with this issue as a function of the business they’re in, so pretending it can be entirely eliminated isn’t realistic.
Mitigation is key.
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Also, the Sept 2018 WSJ study was done before ShapeShift introduced KYC, which was in Oct 2018. Interesting ShapeShift just didn't request a repeat the study with new data to show things have improved.
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Instead, the purpose of the new study was simply to discredit WSJ, which I thought was interesting.
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The author told you what the intent of the piece was? You sure it's not just a coincidence that a professional analysis discredited the WSJ's analysis?
Let me rephrase. It "appeared" that the intention of the CipherBlade report was to discredit the WSJ report. I can't contradict the report. Like David said, these are just thoughts on what we think.
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That was basically the title of the medium post; "Truth has disappeared..." And Erik directly accused them of lying...
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