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Crypto Exchange Bitzlato Co-Founder Pleads Guilty to Money Laundering Charges

Katie Lin

Summary: Anatoly Legkodymov, co-founder of virtual currency exchange Bitzlato, pleaded guilty to money laundering charges in a New York court on Wednesday, according to a statement from the U.S. Attorney's Office for the Eastern District of New York.  Bitzlato also received more than $15 million in ransomware proceeds, the indictment said, implying that Legkodymov and his team knew ...

Anatoly Legkodymov, co-founder of virtual currency exchange Bitzlato, pleaded guilty to money laundering charges in a New York court on Wednesday, according to a statement from the U.S. Attorney's Office for the Eastern District of New York. 

Bitzlato also received more than $15 million in ransomware proceeds, the indictment said, implying that Legkodymov and his team knew the exchange was being used by criminals. 

Along with Legkodymov, former Bitzlato CEO Mikhail Lunev, marketing director Alexander Goncharenko, contractor Pavel Lerner and an unnamed dev-ops engineer were arrested in several European countries, according to one of Bitzlato's co-founders.

Author: Katie Lin

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