Europol arrests 5 Bitzlato senior executives


Europol has arrested 5 of Bitzlato’s senior executives, including the CEO, financial director, and marketing director in Spain.

Cover art/illustration via CryptoSlate

European Union police agency (Europol) said it arrested five senior executives of the sanctioned Bitzlato exchange.

The EU agency said Jan. 23 that the people arrested include the CEO, financial director, and marketing director in Spain.

The arrest was made following eight house searches across Spain, Cyprus, Portugal, and the US.

In course of the house search, Europol said it seized about €18 million ($19.5 million) worth of cryptocurrency and froze over 100 crypto accounts holding assets worth about €50 million ($54.3 million).

How To Get Free Crypto  

Europol added that Bitzlato facilitated the laundering of various crypto-assets, including 119 Bitcoin worth €2.1 billion.

Further analysis by Europol disclosed that about 46% of the assets exchanged through Bitzlato worth roughly €1 billion ($1.08 billion) had links to criminal activities.

On Jan 18, Bitzlato’s founder Anatoly Legkodymov was arrested by the US authorities for running a money-transmitting business. In addition, leading crypto exchange Binance was named as a top three recipient of Bitzlato’s illegal funds.

Go to Source
Author: Christian Nwobodo

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.