Founder of Cryptocurrency Exchange Bitzlato Arrested in $700 Million Money Laundering Case
  • The founder of the cryptocurrency exchange Bitzlato, Anatoly Legkodymov, was detained in Miami on Tuesday.
  • According to the Justice Department, Bitzlato handled illegal transactions, including millions of dollars in ransomware earnings.
  • Bitzlato is said to have profited by more than $15 million from ransomware attacks.
  • Deputy Attorney General Lisa Monaco said during the news conference that Bitzlato is a critical financial resource for Hydra, the biggest dark web market. 
  • According to the DOJ, until the market was shut down by federal authorities in April 2022, users of Hydra Market transferred over $700 million in different cryptocurrencies with Bitzlato.

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Mridul Srivastava

By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.