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Legkodymov, who lived in China, was arrested in Miami for operating an unlicensed money-transmitting business called Bitzlato. The US Department of Justice (DOJ) was involved in the case, and Art explained that it was an exercise of US power and a warning to non-US actors engaged in exchange-type activities, especially those involving Russia.
01 Feb 2023

Unpacking the US laws enacted to take down Bitzlato

Legkodymov, who lived in China, was arrested in Miami for operating an unlicensed money-transmitting business called Bitzlato. The US Department…