The founder of Bitzlato admitted to money laundering

The founder of Bitzlato admitted to money laundering

user avatar

by Max Nevskyi

3 years ago


Anatoly Legkodymov, the founder of the cryptocurrency platform Bitzlato, has admitted to money laundering. According to the prosecution, the exchange processed over $700 million in illegal funds, acting as a key partner of the darknet market Hydra, known for its shadowy activities.

The prosecution emphasized that Legkodymov was aware that his exchange was a haven for criminal actions, mainly due to the lack of strict control over illegal financial transactions. This highlights Bitzlato's role as a platform facilitating financial crimes.

Commenting on the situation, Nicole Argentieri, the acting assistant attorney general of the USA, stated that Legkodymov managed an exchange that actively contributed to criminal activity and money laundering. Her words underscore the seriousness of the charges and the scale of the exchange's impact on the criminal world.

As part of the plea agreement, Legkodymov agreed to shut down Bitzlato and relinquish claims to assets worth approximately $23 million. This decision demonstrates the consequences of his actions and forms part of his punishment.

It is worth recalling that in January 2023, the United States imposed sanctions against Bitzlato, significantly impacting the reputation and operations of the exchange. These measures were taken in response to money laundering accusations and interactions with shadow structures, highlighting the US's determination to combat financial crimes in the cryptocurrency sector.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Arbitrum DAO Approves Ecosystem Incentive Programs

chest

The Arbitrum DAO has approved a governance proposal to direct treasury resources towards ecosystem growth through incentive programs.

user avatarJacob Williams

FBI Takes Action Against Hamas Fundraising with Cryptocurrency Seizure

chest

The FBI has seized approximately $560,000 in cryptocurrency linked to Hamas as part of efforts to disrupt terrorist fundraising operations.

user avatarZainab Kamara

Solana Ecosystem Tokens Outperform Broader Altcoin Market

chest

Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

chest

Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

chest

Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

chest

Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.