Bitzlato crypto founder arrested over $700m crimes

An international effort against a Russo-Chinese venture

clock • 2 min read
Bitzlato crypto founder arrested in $700m financial crimes
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Bitzlato crypto founder arrested in $700m financial crimes

In a major blow to the cryptocurrency crime landscape, the US Department of Justice (DOJ) has arrested the Russian founder of huge cryptocurrency exchange Bitzlato.

The DoJ accused Anatoly Legkodymov, who now resides in China, of operating a company that handled more than $700 million in illegal transactions and violating laws intended to prevent money launder...

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