Founder of crypto exchange Bitzlato arrested for alleged money laundering: US

U.S. authorities said Wednesday they had arrested the majority shareholder and founder of Hong Kong-registered cryptocurrency exchange Bitzlato for allegedly processing hundreds of millions of dollars in illicit funds.

Anatoly Legkodymov, a Russian national living in China, was arrested Tuesday in Miami on charges he operated the exchange as a "money laundering concern," according to the U.S. Treasury Department.

The arrest marks the first major action by the Justice Department's National Cryptocurrency Enforcement Network.

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