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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

Deputy Attorney General Lisa O. Monaco Delivers Remarks on Founder and Majority Owner of Cryptocurrency Exchange Charged with Processing Illicit Funds

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

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