ConsenSys announced that they've started a "DeFi focused compliance service" which means that all of our privacy at risk here.

Privacy is a right. Surveillance is a breach of that.

Unfortunately, Ethereum does not offer any help. Maybe you've heard about Tornado.cash, which can help a little, but there is still a chance of being de-anonymized, plus horrendous GAS fees on top.

The best progress at this point is either

Exchange > XMR (deposit) > XMR (withdrawal) > InstantEX > fresh Ethereum

or

Exchange > ETH(tainted) > IncognitoChain Shielding (optional: trade Incognito DEX) > Incognito withdrawal > ETH

You'll pay fees too, but in the end it's not more than if you'd use Tornado and the smartcontract fees.

The Future

Looks like there is a tool in development to help privacy on Ethereum!

Also HOPR:

By The Way

Tari - the Monero sidechain SmartContract protocol - has launched in Testnet recently.

Maybe this will fix privacy?

Secure & Anonymous VPN - Uploadfilter? Censorship? Privacy leaks? No Thanks!