Anatoly Legkodymov, founder of the dark web-tied crypto exchange Bitzlato, has pleaded guilty to operating an unlicensed money transmitting business in a New York court.
The Department of Justice originally filed charges against the Hong Kong-based exchange’s majority owner last January.
Bitzlato “sold itself to criminals as a no-questions-asked cryptocurrency exchange, and reaped hundreds of millions of dollars worth of deposits as a result,” US attorney Breon Peace said in a statement at the time.
According to the DOJ, Legkodymov will dissolve Bitzlato and “release any claim over approximately $23 million in seized assets of Bitzlato” as part of the plea agreement. A…
Read more on Blockworks