Crypto exchange founder charged with processing over $700m of illegal funds

The exchange Bitzlato became a safe haven for ransomware and drug trafficking.

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. 

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