Ransomware money laundering operation disrupted, founder arrested

The US Department of Justice (DOJ) has released information about the arrest of Anatoly Legkodymov, the founder and majority owner of a cryptocurrency exchange called Bitzlato, on money laundering charges. Legkodymov, a Russian national who lives in China, is accused of processing over $700 million of illicit funds.

The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) also issued an order that identifies Bitzlato as a “primary money laundering concern” in connection with Russian illicit finance.

The exchange …

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