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Founder and Majority Owner of Cryptocurrency Exchange Charged with Processing Over $700 Million of Illicit Funds

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The founder and majority owner of a cryptocurrency exchange, Bitzlato Ltd. (Bitzlato), was arrested in Miami for his alleged operation of a money transmitting business that transported and transmitted illicit funds and that failed to meet U.S. regulatory safeguards, including anti-money laundering requirements.

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Founder and Majority Owner of Cryptocurrency Exchange Charged with Processing Over $700 Million of Illicit Funds

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Assistant Attorney General Kenneth A. Polite, Jr. Delivers Remarks on Founder and Majority Owner of Cryptocurrency Exchange Charged with Processing Illicit Funds

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Updated February 5, 2025
Topic
Cybercrime
Components
Criminal Division
Federal Bureau of Investigation (FBI)
Office of the Deputy Attorney General