European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the recently busted Bitzlato have been apprehended as part of the international investigation against the crypto exchange with the participation of law enforcement and judicial authorities in several European countries. According to a press release published by the European Union Agency for Law Enforcement Cooperation (Europol) on Monday, the
Crypto exchange platform Bitzlato converted criminal assets worth about €1 billion ($1.08 billion). This is reported Europol. According to the department, transactions were carried out in bitcoins, Dash, Litecoin, as well as dollars and Russian rubles. In addition, Europol announced the arrest CEO, CFO and CMO Bitzlato in Spain and…
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…