In January 2023, Anatoly Legkodymov, founder of the Hong Kong-registered cryptocurrency exchange Bitzlato Ltd, was arrested by US authorities in Miami. The US Department of Justice charged Anatoly with running his enterprise as a money-laundering outfit that processed approximately $700 million in illicit funds. His exchange served as a haven for criminal networks, as it required minimal KYC checks and lax security protocols for the illicit transmission of digital currencies.
One of his most prominent clients was the Russian origin Hydra, notorious for operating the world’s largest darknet marketplace peddling drugs and illegal goods. This bastion of crime was dismantled in April 2022 by the German Federal Criminal Police in coordination with US law enforcement.
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