Why US Authorities Arrested the Co-Founder of the Bitzlato Crypto Exchange

U.S. authorities said on Wednesday they have arrested the majority shareholder and Co-Founder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing $700 million (roughly Rs. 5,700 crore) in illicit funds. Anatoly Legkodymov, a Russian national living in China, was arrested in Miami on Tuesday on charges that he operated the exchange as … Read more