How Dirty Money Disappears Into the Black Hole of Cryptocurrency
Journal investigation documents suspicious trades through venture capital-backed ShapeShift..

After hackers believed to be from North Korea extorted millions of dollars in the so-called WannaCry ransomware attack on businesses and governments, the criminals used ShapeShift to convert bitcoin into an untraceable cryptocurrency called Monero, security researchers found. For the next year, ShapeShift made no changes to its policy of not identifying its customers, and continued to process millions of dollars in criminal proceeds, according to the Journal investigation.

Many cryptocurrency exchanges say they follow federal rules intended to combat money laundering, even though the question of whether they are subject to them hasn’t been tested. They keep records of their customers’ identity and monitor transactions to root out and report suspicious activity…The Black Hole Of Cryptocurrency

US House Passes Bill for Task Force to Combat Crypto Use by Terrorists/Cointelegraph.com