The US Justice Department has shut down the Bitzlato exchange and arrested the founder

The US Justice Department has shut down a Russian crypto exchange and charged its founder and majority owner, Anatoly Legkodymov, with processing over $700 million in illicit funds.

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The US Justice Department has shut down the Bitzlato exchange and seized all of its assets.

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The US Justice Department is also seeking to recoup the funds laundered through Bitzlato and to prevent similar activities in the future.

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