Bitzlato Co-Founder Arrested by US Authorities Over Alleged Processing of $700 Million in Illicit Funds

Bitzlato Co-Founder Arrested by US Authorities Over Alleged Processing of $700 Million in Illicit Funds

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…