Transactions worth $346 million for the Bitzlato exchanger were carried out through the Binance cryptocurrency exchange. Write about it Reuters.
FinCEN (U.S. Treasury Department’s Financial Crime Organization) Named Binance the main obsession of cryptocurrencies from Bitzlato from May 2018 to Spring 2022. The exchange was put on a par with the Hydra darknet marketplace and the Finiko financial pyramid. The department did not specify the scale of mutual organization.
Reuters investigators together with Chainalysis established that Binance transferred more than 20,000 BTC worth $345.8 million from May 2018 to the close of Bitzlato (by January 2023).
In the course of the investigation, Chainalysis analysts revealed that $90 million of the total amount transferred after April 2021, if Binance announced the implementation of KYC procedures to combat financial mischief.
In a statement to the Ministry of Justice, it was stated that the Bitzlato platform broadcast information about the lack of thoroughness of identification checks and “repeatedly allowed customers to give information, as if they were impersonal persons.”
Context. June 17 US Department of Justice by arresting Bitzlato’s co-founder Anatoly Legkodimov for calls for $700 million from Hydra.
18 June platform team declared about evils and the stolen part of the cost. For a sprat of years, the stench was voiced about the improvement of the robotic service.
Europol in Spain has arrested the CEO, CFO and CMO of Bitzlato and two other high-ranking platform speakers in Cyprus in the USA.