Crypto exchange platform Bitzlato converted criminal assets worth about €1 billion ($1.08 billion). This is reported Europol.
According to the department, transactions were carried out in bitcoins, Dash, Litecoin, as well as dollars and Russian rubles.
In addition, Europol announced the arrest CEO, CFO and CMO Bitzlato in Spain and two other senior platform leaders in Cyprus and the US.
Law enforcement officers searched houses in Spain, Cyprus and Portugal, and disabled the company’s digital infrastructure in France. €18 million ($19.5 million) seized in cryptocurrencies, vehicles and electronics. Another €50 million ($54.3 million) in digital assets is frozen on other exchanges.
According to Europol, criminal funds account for about 46% of the €2.1 billion ($2.3 billion) received by the platform.
On January 17, the US Department of Justice arrested Anatoly Legkodymov, founder of Bitzlato, on charges of laundering $700 million related to Hydra.
On January 18, the platform team announced a hack and the withdrawal of part of the funds. A few hours later, they announced the suspension of the service.
Binance, Hydra and Finiko Named Top Counterparties in Bitzlato Case.
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