Tag Archives: money laundering

Authorities dismantle crypto exchange Bitzlato, allege it was cybercrime “haven”

Getty Images reader comments 43 with 0 posters participating Share this story Federal authorities on Wednesday arrested the founder of Bitzlato, a cryptocurrency exchange they said has been a financial haven for Russia-aligned criminals engaged in ransomware and illicit drug sales on the dark web. Anatoly Legkodymov, a 40-year-old Russian national residing in Shenzhen, China,… Read More »

$3.6 billion bitcoin seizure shows how hard it is to launder cryptocurrency

Enlarge / The IRS detailed the winding and tangled routes the couple allegedly took to launder a portion of the nearly 120,000 bitcoins stolen from the cryptocurrency exchange Bitfinex in 2016. William Whitehurst | Getty Images reader comments 126 with 81 posters participating Share this story On Tuesday, Ilya Lichtenstein and Heather Morgan were arrested… Read More »