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US Charges Crypto Exchange Platform Bitzlato For Laundering $700M

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The U.S. Department of Justice announced that it had taken into custody Anatoly Legkodymov, founder of cryptocurrency exchange Bitzlato who is accused of processing more than $700 million of illegal funds.

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“Overnight, the Department worked with key partners here and abroad to disrupt Bitzlato, the China-based money laundering engine that fueled a high-tech axis of cryptocrime, and to arrest its founder, Russian national Anatoly Legkodymov,” said Deputy Attorney General Lisa O. Monaco. 

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“Today’s actions send the clear message: Whether you break our laws from China or Europe — or abuse our financial system from a tropical island — you can expect to answer for your crimes inside a United States courtroom.”

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