“Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or scams. For example, Bitzlato’s top three receiving counterparties, by tota...
Tag: bitzlato
Crypto Panics, Then Jeers at DOJ Announcement of ‘Major Action’ Against Tiny Chinese Exchange Bitzlato
Crypto markets teetered on the edge of panic Wednesday, prepared for the worst after the Department of Justice (DOJ) announced a mysterious, upcoming press conference concerning a “major international...
FTX could be revived; Binance received funds from Bitzlato
The biggest news in the cryptoverse for Jan. 19 saw FTX CEO John Ray II suggest that the failed exchange could be revived. Meanwhile, the U.S. agency FinCEN accused Binance of acting as a counterparty...
Binance linked to illegal cryptocurrency platform Bitzlato
The United States Financial Crimes Enforcement Network (FinCEN), which is a division of the Department of the Treasury, has asserted that there is a connection between Binance and the unlawful cryptoc...
Binance Named as Counterparty in an Order Against Bitzlato
Binance has been named as a key counterparty to a digital asset platform Bitzlato. Bitzlato’s founder was arrested on Tuesday for a laundering scheme worth $700 million. Allegedly, the Hong Kong-based...
Binance Business With Bitzlato Brings Unwelcome Scrutiny
The Financial Crimes and Enforcement Network (FinCEN) identified Binance and Hydra as two of the top three receiving counterparties of Bitzlato, a Russian P2P exchange whose owner was recently charged...
Binance was final destination for millions in funds from Bitzlato
Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Federal prosecutors unsealed an indictment again...
Bitzlato Scandal Triggers $100 Million Liquidation, Bitcoin (BTC) & Ethereum (ETH) Prices Plunge
After experiencing a surge that began at the beginning of this year, Bitcoin and Ethereum have seen a significant plummet in the past 24 hours. Long traders have lost a total of $100 million worth of ...
Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action
Noncustodial peer-to-peer crypto exchange Bitzlato was little known to some before the United States Department of Justice (DOJ) enforcement action against it on Jan. 18. It was co-founded in 2016 by ...
The deep ties between Binance, Bitzlato, and darknet market Hydra
On Tuesday, Binance was named as one of the three largest counterparties for crypto exchange Bitzlato, in a US Treasury order that prevents any covered financial institution from sending funds to the ...
Binance implicated in Bitzlato US Justice Department prosecution
On Wednesday, the U.S. authorities accused the little-known cryptocurrency exchange, Bitzlato, of laundering $700 million and named Binance, the world’s largest crypto exchange, as a counterpart...
Bitcoin and Ethereum correct amid Bitzlato takedown, tech layoffs and economic worries
Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders. Given the number of black swan ...
US Regulators Strike Down Bitzlato for a $700M Crypto Crime
$700 million worth of cryptos moved via Bitzlato were linked to illicit trades. Bitzlato is a not-so-famous exchange with just 1.5k Twitter followers. Hong Kong-origin crypto exchange Bitzlato is shut...
The Department of Justice charges the founder of Bitzlato with the unlicensed money transmitting
The US Department of Justice has arrested and charged Anatoly Legkodymov for transmitting money without any license. If convicted, Anatoly Legkodymov faces a prison time of up to 5 years. Bitzlato is ...
Crypto Exchange Bitzlato Founder Collared, Charged With $700 Million Financial Fraud
Federal officials announced on Wednesday that a Russian national who operated a crypto exchange that became a harbor for the proceeds of illegal activities has been arrested. U.S. authorities have col...
Crypto exchange Bitzlato busted by US DoJ in global enforcement action
Bitzlato, a global crypto exchange, is being investigated by the U.S. Department of Justice. The investigation is ongoing. The U.S. Department of Justice (DoJ) has taken down the Chinese crypto exchan...
Founder of Crypto Exchange Bitzlato Arrested
The United States Treasury Department and Department of Justice (DOJ) today announced that they have arrested the founder and majority owner of crypto exchange Bitzlato and have shut down the exchange...
Founder of Chinese Cryptocurrency Exchange BitZlato Detained in Miami
The US Department of Justice announced an international cryptocurrency enforcement action on Wednesday and in the wake of the announcement, they revealed that the DOJ has detained Anatoly Legkodymov, ...
United States DoJ arrests founder of crypto exchange Bitzlato
The U.S DoJ arrested Bitzlato founder Anatoly Legkodymo in Miami last night The crypto exchange was pulled up for being a hub for criminal activity The U.S FinCEN announced that the crypto exchange wa...
Bitzlato Exchange Busted as US Deals ‘Blow to Crypto Crime,’ Arrests Owner – Exchanges Bitcoin News
Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Depa...
Hong Kong exchange Bitzlato seized; founder arrested
Anatoly Legkodymov, the founder of Hong Kong-registered crypto exchange Bitzlato, was arrested in Miami on Wednesday and charged with allegedly running an unregistered money-transmitting business that...
‘Wtf is Bitzlato?’ Crypto Twitter rolls eyes at DOJ’s big arrest
The U.S. Department of Justice got schooled in how not to manage expectations on Crypto Twitter Wednesday morning after it teased the announcement of an “international crypto enforcement action&...
Bitzlato founder arrested for allegedly processing $700 million in illicit funds
The founder of cryptocurrency exchange Bitzlato was arrested and charged with processing $700 million in illicit funds, part of the Justice Department’s efforts to take down a “money laund...