The cryptocurrency exchange Bitzlato has 46% of the assets involved, suspected of laundering 1 billion euros

2023-01-24 08:35:31

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ChainCatcher news, January 24, the EU police agency Europol stated in a statement that the Russian cryptocurrency exchange Bitzlato is suspected of trading over 1 billion euros in assets related to criminal activities. Of the 2.1 billion euros received by the platform, approximately 46% is related to criminal cases. The company's CEO, CFO, and CMO were arrested in Spain, and two others were arrested in Cyprus and the United States, respectively. A total of 18 million euros in company assets have been seized in Spain, Cyprus, Portugal, and France.

Previously, the U.S. Department of Justice stated that the Russian cryptocurrency exchange Bitzlato provided financial support for darknet crimes and would take law enforcement action against it. The company's founder and major shareholder Anatoly Legkodymov was arrested in Miami on January 18. (CoinDesk)

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Bitzlato illegal money laundering

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