Founder of Bitzlato Cryptocurrency Exchange Pleads Guilty in Money-Laundering Scheme
December 8, 2023 at 01:06AM Anatoly Legkodymov, the Russian founder of Bitzlato exchange, has pleaded guilty to operating an unlicensed money-transmitting service used for laundering criminal funds. He could face a five-year prison sentence. Bitzlato, linked to the darknet market Hydra, processed over $2.5 billion, with lax KYC measures. Key Takeaways from Meeting Notes on … Read more