Crypto influencer CryptoWendyO, defunct exchange Mt. He weighs in on the allegations against Ripple regarding Gox. Crypto detective Truth Labs, Mt. Gox and Ripple Labs. Allegedly, Mt. Bitcoin obtained from Gox was laundered into various tokens, including Shiba Inu.
The complex connection between Ripple, Shiba Inu and Bitcoin exchange!
Crypto influencer CryptoWendyO, Blockchain payments company Ripple Labs, defunct Bitcoin exchange Mt. Gox and the popular meme coin network are weighing in on the allegations surrounding the Shiba Inu. Indeed, comments made by crypto sleuth TruthLabs in a post on X Ripple, Mt. It establishes an intricate connection between Gox and Shiba Inu. Most importantly, the accusations are based on the laundering of Bitcoins received from the crypto exchange. Accordingly, criminals used Ripple and Shiba Inu, as well as some other tokens, for laundering.
At the center of the allegations is TruthLabs, whose projector was installed on Mt. Gox founder Jed McCaleb. Because, Jed McCaleb later became the co-founder of Ripple Labs. Truth Labs refers to Japan as a strategic location. Ripple’s Mt. He claims that its prominent presence in Japan, the same location as Gox, strengthens the claims. Additionally, it is claimed that 850,000 Bitcoins (BTC) stolen from the crypto exchange were laundered into various projects. By the way, this amount currently amounts to approximately $35 billion. According to TruthLabs, some of these funds ended up in Ethereum.
The reality of the allegations is controversial!
CryptoWendyO, Bitcoin exchange Mt. Gox’s collapse, while denying the reality of the network of allegations. However, he notes that the lack of transparency in the crypto ecosystem remains a prevailing problem. Elsewhere, crypto influencer CryptoWendyO backs up claims that the US Securities and Exchange Commission (SEC) is ignoring US-listed Chinese firms while going after American companies. The influencer is referencing a tweet from crypto lawyer John E. Deaton. CryptoWendyO supports Deaton’s view when stating that most US politicians are not “pro-crypto”.
Meanwhile, XRP, the token associated with Ripple Labs, has been on the rise over the past 24 hours. At the time of writing, the token was trading at $0.6345, up 1.45% on a daily basis. Leading crypto Bitcoin was changing hands at around $42,500, up a similar percentage. Shiba Inu, the popular meme coin that is the subject of allegations, has better performance. SHIB is up 3,323% on its daily chart. As you follow from Kriptokoin.com, the market regained its upward trajectory after the Fed sent doves into flight.
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