US arrests Russian crypto boss who ‘catered to known crooks’

The US Department of Justice said Anatoly Legkodymov, 40, a Russian living in Shenzhen, China, is scheduled to be arraigned on Wednesday for his role in transmitting a total of $700m in illicit funds through the virtual currency exchange Bitzlato, which marketed itself as requiring minimal identification from users.
The arrest was conducted in conjunction with the US Department of the Treasury’s Financial Crimes Enforcement Network and foreign authorities, officials said.