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Anatoly Legkodymov, a Russian national living in China, was arrested in Miami for allegedly participating in a plot to process more than $700 million worth of “illicit” funds on his cryptocurrency exchange. So reports Politico.
Legkodymov is the founder and majority owner of Bitzlato Ltd. The U.S. Department of Justice also accused Legkodymov of failing to offer anti-money laundering protections on the exchange, and as such created a safe haven for ransomware and drug trafficking.