Ripple Labs was accused of laundering bitcoins from the Mt. Gox

In a new YouTube video, cryptocurrency user CryptoWendyO spoke out about allegations against blockchain payments company Ripple Labs and the shuttered Bitcoin exchange Mt.. Gox and the popular Shiba Inu meme coin.

Revelations made by blockchain detective TruthLabs reveal complex connection between Ripple, Mt.. Gox and the Shiba Inu crypto project. According to his findings, bitcoins withdrawn from the cryptocurrency exchange were laundered through Ripple and Shiba Inu, as well as through several other projects.

At the center of the TruthLabs accusations was Mt.Gox founder Jed McCaleb, who later became a co-founder of Ripple Labs.. While mentioning Japan as a general aspect, Truth Labs states that Ripple's presence in Japan and Mt.. Gox towards this country increases suspicions.

In addition, it is alleged that 850,000 BTC, worth about $35 billion, stolen from a cryptocurrency exchange, was laundered through several projects. According to TruthLabs, some of these funds ended up on Ethereum.

Many users were interested in the conclusions drawn, seeing in them both reasonable considerations and exaggeration and lack of conclusive evidence. CryptoWendyO herself does not believe the accusations are true and complained about the lack of transparency in the cryptocurrency ecosystem.