Former Bitzlato CEO Legkodymov Pleads Guilty to $700M Crypto Fraud
After spending 11 months in custody, Legkodymov pleaded guilty to one count of operating an unregistered exchange.
Bitzlato Co-founder Released after Arrest for Brief Period
Amid the currently inquiry, Bitzlato is once again gearing for relaunch and promises to return its customers’ funds.
Troubled Crypto Exchange Bitzlato Seeks to Make Comeback
The co-founder of Bitzlato stated that they will allow 50% of user funds in Bitcoin held in Bitzlato wallets to be withdrawn on the same day we launch.
Binance Processes $346M Worth of Bitcoin for Shuttered Crypto Exchange Bitzlato
In its investigation, FinCEN found that Binance was among the top three counterparties having links to Bitzlato.
Europol Says $19.5M in Crypto Seized, 5 Individuals Arrested in Ongoing Enforcement Action against Bitzlato
By
Tolu Ajiboye
Europol has steepened its grasp on troubled exchange Bitzlato with the seizure of substantial crypto assets.
FinCEN Names Binance as Counterparty in Order against Bitzlato
According to the FinCEN order, Bitzlato has been used to launder as much as $700 million since its inception, and according to the terms of the order, the regulator wants the named counterparties to stop doing business with Bitzlato.
Bitzlato Founder Sees Arrest in US for Allegedly Processing $700M in Illicit Funds
By
Tolu Ajiboye
The DOJ has ordered the arrest of Bitzlato founder Anatoly Legkodymov for allegedly aiding and abetting financial impropriety.