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CEO of controversial crypto exchange Bitzlato arrested in Spain

 


According to Turkish news outlet Anadoluam, Spanish law enforcement officials have detained the CEO, marketing director, and sales manager of Hong Kong-based cryptocurrency exchange Bitzlato. Six people in total, including Russian and Ukrainian nationals, were detained in this matter. The investigation also involved the police departments of Cyprus, France, Portugal, and the United States.


The crypto exchange was one of the primary points of contact for criminals looking to use cryptocurrencies as a form of money laundering, according to the Spanish police, primarily because of the anonymity it provided. 18 million euros worth of assets, including digital currency, high-end vehicles, cash, electronics, and other items, have already been seized during the investigation. The platform blocked over 100 user accounts.


The arrests happen only two days after co-founder Anton Shkurenko stated in an interview that at least 50% of Bitcoin.


After the upcoming platform restart, the funds in Bitzlato's wallets will still be accessible for withdrawal. In the past, the police had already seized almost 35% of user funds from the wallets of the cryptocurrency exchange. To put it "out of the reach of law enforcement agencies," Shkruenko emphasized that the new Bitzlato should be situated in Russia in this context.


On Jan. 18, the U. S. The Department of Justice filed criminal charges against Bitzlato, claiming that the cryptocurrency exchange's disregard for relevant information gathering (KYC) and anti-money laundering (AML) regulations inevitably led to the laundering of more than $700 million. US dollar would have been preferred. Bitzlato's website was shut down that day, and some of the platform's cryptocurrency assets were taken into custody. Additionally detained in Miami was co-founder Anatoly Legkodymov, a Russian national who resides in China.

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