Bitzlato Founder Sentenced to Prison for Facilitating
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Money LaunderingJudge Eric Vitaliano sentenced the founder of the Bitzlato cryptocurrency exchange, Legkodymov, to 18 months in prison due to money laundering.Judge Eric Vitaliano ruled Legkodymov’s 18 months in Brooklyn’s MDC was sufficient punishment for $700M in illicit proceeds from the Russian dark web.On July 18, Judge Eric Vitaliano sentenced the founder of the Bitzlato cryptocurrency exchange to 18 months, the time he had already served, for running an unlicensed money-transmitting business.Anatoly Legkodymov pleaded guilty last year to running an operation that facilitated the concealment of over $700 million in proceeds from illegal gambling and drug transactions.Bitzlato Founder Admits He Could Have Done
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