More than $1 billion in criminal funds passed through Bitzlato
Sponsored
Sponsored
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 two other senior platform leaders in Cyprus and the US. Law enforcement officers searched houses in Spain, Cyprus and Portugal, and disabled the company’s digital infrastructure in France. €18 million ($19.5 million) seized in cryptocurrencies, vehicles and electronics. Another €50 million ($54.3 million) in digital assets is frozen on other
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,…