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Crypto Exchange Bitzlato Co-Founder Pleads Guilty to U.S. Money Transmitter Charge

Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter tied to allegations that the exchange processed funds from ransomware attacks, illicit drug deals and other crimes, U.S. officials announced Wednesday. Legkodymov, a majority owner in the exchange, "agreed to dissolve Bitzlato" and release claims over some $23 million in seized assets, a U.S. Department of Justice (DOJ) press release said. Police had arrested Legkodymov in Florida, though his case has since been moved to the U.S. District Court for the Eastern District of New York.


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