U.S. Department of Justice: Officially identifies Bitzlato as a major money laundering party related to Russian illicit finance

U.S. Department of Justice: The operation against Russian cryptocurrency exchange Bitzlato marks the most significant action to date involving the nation’s cryptocurrency law enforcement team. Law enforcement operations exposed and disrupted Russian cybercriminals and their enablers. Cryptocurrency exchange Bitzlato has been officially identified as a major money laundering party related to illegal finance in Russia.

It was previously reported that the U.S. Department of Justice will take enforcement action against the Russian trading platform Bitzlato. Bitzlato founder and majority shareholder Anatoly Legkodymov was arrested in Miami last night.