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.