Anatoly Legkodymov France Russia Spain Portugal Eu Netherlands state Florida Belgium Cyprus Law regulation Europe crimes Anatoly Legkodymov France Russia Spain Portugal Eu Netherlands state Florida Belgium Cyprus

Europol reports $19.5M in crypto seized in enforcement action against Bitzlato

Reading now: 293
cointelegraph.com

The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato.In a Jan.

23 announcement, Europol reported that roughly 46% of assets — 1 billion euro, or $1.09 billion at the time of publication — moved through Bitzlato were linked to illicit activities.

The government agency’s analysis suggested that Bitzlato received more than 2.1 billion euro in cryptocurrencies including Bitcoin (BTC), Dash (DASH), and Dogecoin (DOGE), much of which was converted into Russian rubles. “While the conversions of crypto-assets into fiat currencies is not illegal, investigations into the cybercriminal operators indicated that large volumes of criminal assets were going through the platform,” said Europol. “The majority of suspicious transactions are linked to entities sanctioned by the Office of Foreign Assets Control (OFAC), with others linked to cyber scams, money laundering, ransomware and child abuse material.” #Bitzlato: senior management arrested.The operation, led by & authorities with Europol support, took down the service's digital infrastructure in France.

Leading members of the platform's management were also interrogated.Press release ⤵️https://t.co/k0dGy3rNQk pic.twitter.com/lv5stazDeYAs part of actions by a cryptocurrency-focused enforcement team, U.S.

Read more on cointelegraph.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA