Small Crypto Exchange (Bitzlato) Stopped

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Recently, the Bitzlato Exchange has risen to the public surface, where this exchange is very foreign to cryptocurrency investors / traders.

The CEO of Bitzlato, Anatoly Legkodymov was arrested in Miami for manipulating a money transfer business that illegally transports and transmits funds. Bitzlato allegedly received more than $15 million of ransomware resulting from Hydra users exchanging more than $700 million in cryptocurrency using Bitzlato.

Bitzlato’s greatest activity is with Hydra Market (Hydra), the black online marketplace for Narcotics, illegal information, fake identity documents, and the world’s largest money laundering service. Million Hydra users exchange over $700 of cryptocurrency with Bitzlato. Bitzlato also received over $15 million in ransomware proceeds

Bitzlato Exchange currently has a total reserve of $11,000 and the highest amount of assets is $6 Million.A very small amount of assets for an exchange. Maybe there are only about 15 users who use this exchange.

My initial guess is that Bitzlato is like an exchange specially created to carry out black market transaction activities. The reason is that this exchange has never been heard of by the public and only appears at this time in 2023.

How about FTX ??

The amount of money laundering carried out by FTX compared to Bitzlato is very much different. However, SBF can still roam freely, enjoying luxury facilities even though he is a perpetrator of money laundering on the FTX exchange.