Posted 12/6/2023, 9:59:00 PM
Crypto Exchange Co-Founder Pleads Guilty to Laundering $700M in Illicit Funds
- Anatoly Legkodymov, co-founder of crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter
- Bitzlato allegedly processed over $700 million in illicit funds from ransomware, drugs, etc.
- Legkodymov agreed to dissolve Bitzlato and give up $23 million in seized assets
- Bitzlato was sanctioned by U.S. in January and accused of laundering over $1 billion
- Deputy Attorney General called Bitzlato a "safe haven for fraudsters, thieves and other criminals"