The U.S. arrested a Russian national and founder of a cryptocurrency exchange on charges of allegedly laundering more than $700 million, the Justice Dept. says.
The U.S. has arrested a Russian national and founder of a cryptocurrency exchange on charges of allegedly laundering more than $700 million, the Department of Justice said Wednesday.
According to court documents, Legkodymov knew his company was helping criminals launder money, telling one staffer that his customers were “known to be crooks.” As of Wednesday, Bitzlato’s displayed a message that the website had been seized by a range of international law enforcement agencies. A Telegram bot designated for helping customers appeared to be broken, and responded to queries with “😔 Oops, sorry.”that Bitzlato played a major role in helping launder money for Project Terricon, which raised funds to support pro-Russia groups in Ukraine using cryptocurrency in an attempt to circumvent sanctions.
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