Bitzlato Co-Founder Legkodymov Pleads Guilty to Operating Unlicensed Money Services Business

Legkodymov agrees to dissolve Bitzlato and forfeit $23 million in cryptocurrency amid allegations of laundering $700 million.

Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, pleaded guilty to operating an unlicensed money services business.
Bitzlato, a Hong Kong-based crypto exchange, had no KYC and was a major support for the darknet marketplace Hydra.
Legkodymov agreed to dissolve Bitzlato and forfeit $23 million in cryptocurrency.
Bitzlato was sanctioned by the U.S government in January, when it was alleged it laundered some $700 million worth of funds.
Binance was a major Bitzlato counterparty and blocked funds in 20 wallets in connection with the case.