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The co-founder of Bitzlato stated that they will allow 50% of user funds in Bitcoin held in Bitzlato wallets to be withdrawn on the same day we launch.As per the latest development, the defunct crypto exchange Bitzlato is looking to make a comeback once again in the market. The Hong
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Cryptocurrency exchange Binance has been silently shutting down multiple accounts on the platform in relation to the Bitzlato investigation, according to several users.On Jan. 18, a group of Russian-speaking Binance clients complained about blocked accounts and not being able to withdraw their funds from the exchange. The affected users created
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Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among Russian-owned Bitzlato’s major counterparties. Blockchain Data Indicates Binance Moved Over
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In its investigation, FinCEN found that Binance was among the top three counterparties having links to Bitzlato.Last week, the US Justice Department shuttered crypto exchange Bitzlato over allegations of money laundering and arrested its founder in Miami. However, the latest report by Reuters suggests that crypto giant Binance had reportedly
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Summary: Binance processed 205,000 transactions between May 2018 and January 2023, per a Chainlysis report from Tuesday.The leading crypto exchange also reportedly facilitated $90 million in BTC trading volume for Bitzlato post-August 2021, after announcing plans to beef up anti-money laundering checks.Bitzlato is under investigation by the U.S. Justice Department
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European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the
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The world's largest crypto exchange by trade volume, Binance, according to the story, did 205,000 transactions with Bitzlato between May 2018 and its closure last week after the U.S. Department of Justice (DOJ) charged it and its founder with money laundering. Source
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Europol has steepened its grasp on troubled exchange Bitzlato with the seizure of substantial crypto assets.The European Union Agency for Law Enforcement Cooperation (Europol) recently took another significant step in enforcement actions against Bitzlato. According to Europol, a recent sting operation across Europe and the US resulted in the seizure of
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The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato.In a Jan. 23 announcement, Europol reported that roughly 46% of assets — 1 billion euro, or
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The statement from Europol, the EU agency that coordinates activities among national law enforcement authorities within the bloc, details house searches in Spain, Cyprus and Portugal; the takedown of digital infrastructure in France; and seizures of 18 million euros ($19.5 million) in cryptocurrency, vehicles and electronics, plus the freezing of
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