According to the FinCEN order, Bitzlato has been used to launder as much as $700 million since its inception, and according to the terms of the order, the regulator wants the named counterparties to stop doing business with Bitzlato.The United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has named BinanceBitzlatoCounterpartyFinCENNamesOrder Read More
"Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or scams. For example, Bitzlato’s top three receiving counterparties, by total amount of BTC received between May 2018 and September 2022 were: (1) Binance, a VASP; (2) the Russia-connected darknet market Hydra; and (3) the alleged BinanceBitzlatoCounterpartyFinCENNamedOrder Read More
The counterparty is not crypto hedge fund Three Arrows Capital, CoinFLEX's CEO said.
Source CoinFLEXConditionsCounterpartyExtremeMarketPausesUncertaintyWithdrawals Read More