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ShapeShift announced it would wind down its corporate structure and transfer governance to FOX token holders, airdropping 340 million FOX tokens (~$98M) to over a million former users and DeFi community members.
Shortly after the WSJ allegations, ShapeShift began requiring personal identification information from customers on October 1, 2018.
A 2018 WSJ investigation alleged ShapeShift processed the largest share of ~$90M in suspected criminal proceeds laundered among U.S. exchanges, converting Bitcoin into untraceable assets like Monero.
ShapeShift raised US$10.4 million in Series A funding led by Earlybird Venture Capital, with Lakestar, Access Venture Partners, Pantera Capital, and Blockchain Capital participating.
ShapeShift clinched US$1.6 million in additional funding from investors including Digital Currency Group, Bitfinex, Bitcoin Capital, and Mardal Investments.
ShapeShift suspended service to New York in response to the state's new BitLicense cryptocurrency regulations.
ShapeShift released on iOS, letting users swap 25 digital currencies and value tokens.
ShapeShift received a US$525,000 seed-stage investment from Roger Ver and Barry Silbert.
ShapeShift AG, a cryptocurrency exchange, was founded in Switzerland by Erik Voorhees.
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