BPOI Banner
Bitzlato Crypto Exchange Founder Gets No More Jail Time in $700 Million Scam Bitzlato Crypto Exchange Founder Gets No More Jail Time in $700 Million Scam

Bitzlato Crypto Exchange Founder Gets No More Jail Time in $700 Million Scam

The Russian founder of the Bitzlato cryptocurrency exchange was sentenced to the 18 months he’d already served behind bars in the US for operating an unlicensed money-transmitting business that masked the proceeds of illegal gambling and drug deals valued at more than $700 million.

Anatoly Legkodymov, who had been in federal custody since his January 2023 arrest, was sentenced to time served Thursday by US District Judge Eric Vitaliano in Brooklyn, New York. Legkodymov, who pleaded guilty in December, admitted knowing for years that Bitzlato was being used as a conduit for transactions tied to the dark web, including the notorious drug bazaar Hydra Market, which was shut down by authorities in 2022.

Source link

Patricia Hurtado

https://www.bloomberg.com/news/articles/2024-07-18/crypto-exchange-head-gets-no-more-jail-time-in-700-million-scam

2024-07-18 07:00:00

bitcoin
Bitcoin (BTC) $ 95,832.68 1.46%
ethereum
Ethereum (ETH) $ 3,333.66 1.62%
tether
Tether (USDT) $ 0.998424 0.13%
xrp
XRP (XRP) $ 2.20 3.19%
bnb
BNB (BNB) $ 671.76 0.79%
solana
Solana (SOL) $ 184.03 1.18%
dogecoin
Dogecoin (DOGE) $ 0.315612 1.80%
usd-coin
USDC (USDC) $ 0.999548 0.09%
staked-ether
Lido Staked Ether (STETH) $ 3,328.16 1.56%
cardano
Cardano (ADA) $ 0.894972 2.04%
tron
TRON (TRX) $ 0.249366 0.39%
avalanche-2
Avalanche (AVAX) $ 36.94 2.91%
chainlink
Chainlink (LINK) $ 23.08 1.98%
the-open-network
Toncoin (TON) $ 5.42 0.29%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,949.60 1.68%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 1.42%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,605.62 1.45%
sui
Sui (SUI) $ 4.33 3.54%
stellar
Stellar (XLM) $ 0.358395 2.76%
polkadot
Polkadot (DOT) $ 6.98 2.15%
hedera-hashgraph
Hedera (HBAR) $ 0.274965 3.22%
hyperliquid
Hyperliquid (HYPE) $ 27.90 19.01%
weth
WETH (WETH) $ 3,334.77 1.55%
bitcoin-cash
Bitcoin Cash (BCH) $ 445.76 2.57%
leo-token
LEO Token (LEO) $ 9.44 1.52%
uniswap
Uniswap (UNI) $ 13.83 1.54%
litecoin
Litecoin (LTC) $ 102.24 0.73%
pepe
Pepe (PEPE) $ 0.000018 0.31%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,518.42 1.55%
near
NEAR Protocol (NEAR) $ 5.11 0.66%
ethena-usde
Ethena USDe (USDE) $ 0.998129 0.19%
bitget-token
Bitget Token (BGB) $ 4.11 2.25%
usds
USDS (USDS) $ 1.00 0.10%
aptos
Aptos (APT) $ 9.21 3.49%
aave
Aave (AAVE) $ 336.70 10.04%
internet-computer
Internet Computer (ICP) $ 10.12 0.69%
crypto-com-chain
Cronos (CRO) $ 0.155617 2.99%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.479765 1.24%
mantle
Mantle (MNT) $ 1.18 0.40%
ethereum-classic
Ethereum Classic (ETC) $ 26.42 0.19%
vechain
VeChain (VET) $ 0.046412 0.14%
render-token
Render (RENDER) $ 7.15 2.46%
whitebit
WhiteBIT Coin (WBT) $ 24.41 0.01%
monero
Monero (XMR) $ 189.62 0.24%
mantra-dao
MANTRA (OM) $ 3.60 4.88%
dai
Dai (DAI) $ 0.999486 0.14%
bittensor
Bittensor (TAO) $ 457.07 2.10%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.28 1.62%
arbitrum
Arbitrum (ARB) $ 0.762144 0.12%
ethena
Ethena (ENA) $ 1.05 2.25%