“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 total amount of BTC received between May 2018 and September 2022, were: (1) Binance, a VASP [virtual asset service provider]; (2) the Russia-connected darknet market Hydra; and (3) the alleged Russia-based Ponzi scheme “TheFiniko,” the order said.
Source: https://www.coindesk.com/business/2023/01/19/binance-named-as-counterparty-in-fincen-order-against-bitzlato/?utm_medium=referral&utm_source=rss&utm_campaign=headlines