Cryptocurrency Analysis and News Portal
Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an “international cryptocurrency enforcement action,” the U.S. Justice Department announced. The Russian owner of the platform has been arrested for his role in the alleged transmission of illicit money. Bitzlato claimed
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Bitcoin fell 2% to trade at the $20,700 level, while ether was trading down 3% to the $1,530 level. Equities closed down. Source
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Noncustodial peer-to-peer crypto exchange Bitzlato was little known to some before the United States Department of Justice (DOJ) enforcement action against it on Jan. 18. It was cofounded in 2016 by recently arrested Russian national, Anatoly Legkodymov.According to a Russian source, Anatoly Legkodymov is the owner of 73.4% of Bitzlato,
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Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders.Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect U.S. and global regulators to eventually lay down a strong hammer
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The Hong Kong-based platform Bitzlato has been disrupted by authorities and its founder Anatoly Legkodymov was arrested, ending its catering to known criminal activity tied to Russia, said Deputy Attorney General Lisa Monaco, outlining coordinated enforcement actions that also included the Federal Bureau of Investigation and the U.S. Treasury Department. Source
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