According to the U.S. Attorney’s Office for the Eastern District of New York, Anatoly Legkodymov, the co-founder of Bitzlato, a Hong Kong-registered virtual currency exchange, has entered a guilty plea for money laundering charges.
Initially arrested in Florida, Legkodymov’s case was transferred to New York.
Bitzlato Founder Pleads Guilty
In a press release dated December 6, 2023, the U.S. Department of Justice (DoJ) disclosed that Legkodymov is responsible for “transporting and transmitting” more than $700 million in illicit funds. The DoJ alleges that Bitzlato served as a major service provider for participants in dark markets and provided a “safe haven for ransomware criminals.”
As part of the plea agreement, Legkodymov will dismantle Bitzlato, relinquishing any claim to the seized assets of the crypto exchange, amounting to over $23 million.
Reportedly, Bitzlato has connections to Hydra Market, an online illegal narcotic marketplace involved in criminal activities such as money laundering, drug trafficking, the sale of unlawfully obtained financial information, and the creation of fraudulent identities.
Bitzlato received over $15 million in ransomware proceeds, asserting that Legkodymov and his team knew criminals were utilizing the exchange. Subsequently, the European Union police entity Europol has made allegations that Bitzlato was involved in laundering funds exceeding $1 billion.
Bitzlato Team Members Detained
Legkodymov’s arrest on money laundering charges in January 2023 coincided with the U.S. Department of Justice’s announcement of a significant global crypto enforcement action.
In addition to Legkodymov, several key figures associated with Bitzlato, including former CEO Mikhail Lunev, marketing director Alexander Goncharenko, contractor Pavel Lerner, and an unnamed dev-ops engineer, were apprehended in various European countries.
The arrests occurred as reported by co-founder Anton Shkurenko, who has eluded capture in Moscow and expressed intentions to relaunch the platform. Despite the co-founder’s statement, the main website displayed a notice indicating that French prosecutors seized it as of December 7.
Bitzlato was designated a “primary money laundering concern” by the Department of the Treasury’s Financial Crimes Enforcement Network earlier in the year. In January, French authorities seized Bitzlato’s infrastructure.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Thank you for content. Area rugs and online home decor store. Hello Administ . Seo Hizmeti Skype : live:by_umut
Thank you for great article. Hello Administ .Seo Hizmeti Skype : live:by_umut
Thank you great post. Hello Administ .Seo Hizmeti Skype : live:by_umut
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across.儿童色情
Thank you great post. Hello Administ .国产线播放免费人成视频播放
I really love to read such an excellent article. Helpful article. Hello Administ . 国产线播放免费人成视频播放
Everything is very open and very clear explanation of issues. was truly information.活婴儿色情片
Nice article inspiring thanks. Hello Administ . Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut
Thank you for great content. Hello Administ. Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut
Good info. Lucky me I reach on your website by accident, I bookmarked it. Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across.Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut
Thank you great post. Hello Administ .Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut
Good info. Lucky me I reach on your website by accident, I bookmarked it. Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut