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Home Cryptocurrency

US arrests Russian founder of China-based crypto exchange

by News Publishing
April 6, 2023
in Cryptocurrency
Reading Time: 1 min read
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Bitcoin falls to lowest level since March
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The Russian founder of a Chinese cryptocurrency exchange has been detained by the US.

According to US authorities, the Russian creator of a cryptocurrency exchange with operations in China has been detained for interfering with a darknet’s online platform.

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 authorities also destroyed its online infrastructure and took its cryptocurrency. It should be mentioned that, if found guilty, he faces a maximum prison term of five years.

Tags: ChinaCrypto ExchangeCryptocurrencylatestRussian founder
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