US arrests crypto exchange founder
finextra.comBitzlato processed more than $700 million in illegal funds, from activities including drug deals, illegal gambling, and ransomware attacks, according to the US Justice Department.The US, alongside several European partners, has also acted to seize Bitzlato’s servers and cryptocurrency, effectively shutting the exchange down.Deputy Attorney General Lisa O Monaco says: "Overnight, the Department worked with key partners here and abroad to disrupt Bitzlato, the China-based money laundering engine that fueled a high-tech axis of cryptocrime, and to arrest its founder, Russian national Anatoly Legkodymov. "Today’s actions send the clear message: whether you break our laws from China or Europe - or abuse our financial system from a tropical island - you can expect to answer for your crimes inside a United States courtroom."Legkodymov is charged with conducting an unlicensed money transmitting business.
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