Ripple Labs Accused of Laundering Bitcoins from Mt. Gox Exchange
Date: 2023-12-14 Author: Dima Zakharov Categories: BLOCKCHAIN, CRYPTO PAYMENTS
Complex Allegations Unveiled
In a new YouTube video, cryptocurrency influencer CryptoWendyO delved into the accusations surrounding Ripple Labs, a blockchain payment firm, and its connection to the now-closed Mt. Gox Bitcoin exchange and the meme coin sensation, Shiba Inu. These revelations come from blockchain detective TruthLabs, shedding light on a convoluted web of relationships.
Bitcoin Laundering
According to TruthLabs, the Bitcoins withdrawn from the cryptocurrency exchange were allegedly laundered through Ripple and Shiba Inu, along with several other projects. The central figure in these allegations is Jed McCaleb, the founder of Mt. Gox, who later became a co-founder of Ripple Labs. The fact that both Ripple and Mt. Gox have ties to Japan further fuels suspicions.
Stolen Assets
Furthermore, it is claimed that approximately 850,000 BTC valued at around $35 billion, stolen from the cryptocurrency exchange, were funneled through various projects. TruthLabs also suggests that some of these funds found their way into the Ethereum ecosystem.
Mixed Reactions
The accusations have sparked considerable interest among users, with opinions ranging from viewing them as reasonable speculations to allegations lacking solid evidence. CryptoWendyO herself expressed skepticism about the validity of the claims, highlighting the lack of transparency within the cryptocurrency ecosystem.
