{"id":35575,"date":"2018-10-01T08:25:38","date_gmt":"2018-10-01T06:25:38","guid":{"rendered":"https:\/\/www.w-t-w.org\/en\/?p=35575"},"modified":"2018-10-01T08:31:04","modified_gmt":"2018-10-01T06:31:04","slug":"the-black-hole-of-cryptocurrency","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/the-black-hole-of-cryptocurrency\/","title":{"rendered":"The Black Hole of Cryptocurrency"},"content":{"rendered":"<p>How Dirty Money Disappears Into the Black Hole of Cryptocurrency<br \/>\nJournal investigation documents suspicious trades through venture capital-backed ShapeShift..<\/p>\n<p>After <a class=\"icon none\" href=\"https:\/\/www.wsj.com\/articles\/u-s-blames-north-korea-for-wannacry-cyberattack-1513701911?mod=article_inline\" target=\"_blank\" rel=\"noopener\">hackers believed to be from North Korea <\/a>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.<\/p>\n<p>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\u2019t been tested. They keep records of their customers\u2019 identity and monitor transactions to root out and report suspicious activity&#8230;<a href=\"https:\/\/www.wsj.com\/articles\/how-dirty-money-disappears-into-the-black-hole-of-cryptocurrency-1538149743\" target=\"_blank\" rel=\"noopener\">The Black Hole Of Cryptocurrency<\/a><\/p>\n<p>US House Passes Bill for Task Force to Combat Crypto Use by Terrorists\/<a href=\"https:\/\/cointelegraph.com\/news\/us-house-passes-bill-for-task-force-to-combat-crypto-use-by-terrorists\" target=\"_blank\" rel=\"noopener\">Cointelegraph.com<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-35576\" src=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2018\/10\/Money-Disappears.jpg\" alt=\"\" width=\"710\" height=\"581\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2018\/10\/Money-Disappears.jpg 710w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2018\/10\/Money-Disappears-300x245.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2018\/10\/Money-Disappears-367x300.jpg 367w\" sizes=\"auto, (max-width: 710px) 100vw, 710px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/the-black-hole-of-cryptocurrency\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-35575","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"How Dirty Money Disappears Into the Black Hole of Cryptocurrency Journal investigation documents suspicious trades through venture capital-backed\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Diana Latona\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/the-black-hole-of-cryptocurrency\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - 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