That doesn’t necessarily mean Bitzlato was not “the China-based money laundering engine that fueled a high-tech axis of cryptocrime,” as the FBI alleges. After all, darknet transactions are supposed to be secretive. But at its height, the exchange only held $6 million in funds – a remarkably miniscule amount. Likewise, similar Web searches show how little traffic the so-called crime hub had.
Source: https://www.coindesk.com/consensus-magazine/2023/01/19/bitzlato-binance-and-what-regulators-are-really-doing/?utm_medium=referral&utm_source=rss&utm_campaign=headlines