Binance, Hydra and Finiko Named Leading Counterparties in Bitzlato Case
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The Binance cryptocurrency exchange, the Hydra darknet marketplace, and the Finiko financial pyramid are among the top three receiving counterparties of the Bitzlato exchange platform, which the US authorities accuse of laundering $ 700 million. This is stated in order FinCEN. According to the agency, these three companies from May 2018 to September 2022 received the largest number of bitcoins from Bitzlato. During the same period, Hydra, P2P platform LocalBitcoins and Finiko were among the top three sending counterparties. “Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet marketplaces or fraud,” FinCEN noted. A spokesperson for
On July 18, Judge Eric Vitaliano sentenced the founder of the Bitzlato cryptocurrency exchange to 18 months, the time he had already served, for running an unlicensed money-transmitting business. Anatoly Legkodymov pleaded guilty last year to running an operation that facilitated the concealment of over $700 million in proceeds from…
US Department of Justice accused founder of the little-known Hong Kong platform Bitzlato in laundering Russian funds. Anatoly Legkodymov was detained by US authorities in Miami on January 17th. On January 18, the Bitzlato team announced a hack and the withdrawal of part of the funds. A few hours later,…
Just yesterday, Live put out an article talking about a Russian crypto executive running an unlicensed money transmitting business. Known as Bitzlato, the crypto exchange was an unregistered trading platform for those who sought to use digital assets to obtain illicit products. The exchange also did very little to obtain…