Bitzlato's CEO and Co-Founder Pleads Guilty

The co-founder and majority owner of Bitzlato, a Hong Kong-based cryptocurrency exchange that facilitated the movement of over $700 million in illicit funds, has pleaded guilty.

Anatoly Legkodymov

Anatoly Legkodymov, 40, of Russia, co-founded Bitzlato in 2016 and allowed people to trade on the exchange without KYC verification. Where KYC verification was required, users of the exchange were allowed to use the identities of third parties.
Most of Bitzlato's users were buyers and vendors on the now-defunct Hydra Market. FBI …

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