a spokesperson for Binance said the firm “provided substantial assistance to international law enforcement partners in support of this investigation.”
The DOJ alleges that Anatoly Legkodymov was aware that Bitzlato’s accounts “were rife with illicit activity”issued by the Department of Justice , authorities claim that Bitzlato did not implement sufficient anti-money laundering safeguards and opened itself up to criminals as a no-questions-asked cryptocurrency exchange. Bitzlato co-founder Anatoly Legkodymov, a 40-year-old Russian national living in Shenzhen, China, is charged with conducting an unlicensed money-transmitting business.
Authorities claim that Bitzlato conducted over $700 million in illicit cryptocurrency exchanges with users of Hydra Market, a Russian darknet marketplace for drugs, money laundering services, and stolen financial information. US and German officials said that Hydra Market had facilitated ransomware attacks before it was
. According to the complaint, Bitzlato is believed to have received more than $15 million in ransomware proceeds from its exchanges with Hydra Market.
Woke US
Crypto exchanges are off the hinges at the moment. Regulations can't come fast enough
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitzlato founder arrested for allegedly processing $700 million in illicit fundsThe Justice Department arrested the founder of crypto exchange Bitzlato, calling the China-based exchange a 'high-tech axis of cryptocrime.' We were scared for a moment😅😅lol DOJ-1: 'Guys, they are making fun of us on the internet for Bitzal..which only had like 18 users and $6M at ATH' DOJ-2: 'We'll just accuse the guy of $700M money laundering. That will show them!' “Bitzlato, the China-based money laundering engine that fueled a high-tech axis of cryptocrime”
Source: TheBlock__ - 🏆 464. / 53 Read more »
Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit MoneyU.S. authorities have designated cryptocurrency exchange Bitzlato as a primary money-laundering concern and charged its founder for allegedly facilitating money laundering for criminals and for operating illegally in the U.S. Shocker.... Tereeeffic optimism
Source: WSJ - 🏆 98. / 63 Read more »
U.S. arrests Bitzlato cofounder, alleges $700 mln of illicit funds processedAnatoly Legkodymov is the majority shareholder of the Hong Kong-registered virtual currency exchange. It's all a scam and I love it Sarpentius será el próximo Exchange internacional con base en NY en caer. Es Iraní.
Source: Reuters - 🏆 2. / 97 Read more »
Binance Named as Counterparty in FinCEN Order Against Bitzlato.binance has been named as a counterparty in an order against Bitzlato as one of the top three receiving counterparties. By amitoj. binance amitoj FUD binance amitoj You have to change your title as in the article it is said binance helped the investigation ! binance amitoj Get BUSD back when you stake with us, a true innovative product is live even before launch, 36% circulation supply- already Staked launch on 23rd January, awesome token 8bitearn prodex propad
Source: CoinDesk - 🏆 291. / 63 Read more »
Irving ISD $700 Million Bond Propositions Set for May ElectionThe Irving Independent School District Board approved bond propositions worth $700 million on Tuesday for the May 2023 election.
Source: NBCDFW - 🏆 288. / 63 Read more »
Binance handled bitcoin for exchange facing $700 million darkweb chargesBinance named as the top handler of bitcoin from crypto exchange charged in $700 million drug-dealer darkweb bust No surprise.
Source: BusinessInsider - 🏆 729. / 51 Read more »