Arrested Founder of Bitzlato Exchange Asks Crypto Community for Help CryptoBlog – Crypto News Today

Arrested Founder of Bitzlato Exchange Asks Crypto Community for Help CryptoBlog

The founder of crypto exchange Bitzlato, who is facing a money laundering case in the United States, is seeking support from community members. Anatoly Legkodymov was arrested in January for his role in the trading platform that allegedly processed millions of dollars in illicit funds.

Bitzlato Founder Seeks US Bail Bonds

Anatoly Legkodymov, one of the founders and majority owner of Russia-linked cryptocurrency exchange Bitzlato, turned to the crypto community, hoping to find US citizens who would agree to vouch for his release on bail.

The Hong Kong-registered trading platform was disrupted in mid-January by law enforcement in Europe, where French investigators seized its servers and hot wallet while several of its employees and executives were detained in d ‘other countries.

Legkodymov, a Russian national residing in China, was apprehended in Miami for money laundering charges. The US Department of Justice says its exchange transferred at least $700 million in criminal proceeds from ransomware actors, darknet markets and crypto pyramids.

This week, Legkodymov made his plea for help via crypto media. US law allows defendants to be released before a decision is made in their case, provided they find guarantors for their bail, explained his lawyers, quoted by the Russian media A group of Russian associates urged those willing to help reach out on Telegram, saying:

The crypto community knows Anatoly as a decent, law-abiding person and wants to help him get out of jail on bail until the trial is over.

A user by the name of “Anatoly Legkodymov” has been active on the forum since 2011, the report notes, as well as on the forum since 2016, when the crypto entrepreneur and his partners started their business activity under the name Changebot which later became Bitzlato.

Legkodymov first appeared in federal court in New York in mid-March, when he was taken into custody without bail. The Russian denies US charges of money laundering.

Another Bitzlato co-founder, Anton Shkurenko, was briefly detained, questioned and released by Russian police in February. In a Youtube interview, he revealed that Bitzlato intended to move to Russia and restart operations from there. Earlier this week, the exchange reportedly restored partial access to users BTC sales.

Keywords in this story

Anatoly Legkodymov, Bail, Bitzlato, Appeal, proceeds of crime, Crypto, crypto community, crypto exchange, Cryptocurrencies, Cryptocurrency, Exchange, sureties, help, Legkodymov, Money Laundering, Liberation, Russia, russian , WE

Do you think US authorities will release Bitzlato founder Anatoly Legkodymov on bail? Share your thoughts on the case in the comments section below.

Lubomir Tassev

Lubomir Tassev is a tech-savvy Eastern European journalist who loves Hitchens’ quote: “Being a writer is who I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Arrested Founder of Bitzlato Exchange Asks Crypto Community for Help CryptoBlog

Source link