Anatoly Legkodymov, the founder and majority owner of the cryptocurrency exchange Bitzlato Ltd. (Bitzlato), is facing charges of operating an illegal money transmitting business that transported and transmitted more than $700m of illicit funds. The exchange, which was run without proper anti-money-laundering requirements, became a go-to place for criminal activity.
Crypto exchange founder charged with processing over $700m of illegal funds
The exchange Bitzlato became a safe haven for ransomware and drug trafficking.