The founder of Bitzlato was arrested last week by US authorities for allegedly exploiting a “money laundering engine.”

Binance, giant of cryptography Binance a processed nearly 346 million U.S. dollars (457 million Singapore dollars) in Bitcoin for the Bitzlato digital currency exchange. En effet, The Justice Ministry said on 18 January that it had accused the co-founder and majority shareholder of Bitzlato, Anatoly Legkodymov, of operating an unlicensed foreign exchange business that “fueled a high-tech axis of cryptocrime” by dealing with 700 million US dollars in illicit funds. According to the Justice Department, Bitzlato had touted the lax nature of its customer background checks. For him, when the exchange asked users for identifying information, “it repeatedly allowed them to provide information belonging to “straw man” registrants.

Last week, the Financial Crimes Enforcement Network declared that the world's largest crypto exchange Binance was among the top three counterparties. of Bitzlato in terms of the quantity of Bitcoins received between May 2018 and September 2022.