Anatoly Legkodymov | FinTelegram News

Tag: Anatoly Legkodymov

July 20, 2024

Bitzlato Founder Sentenced to Time Served over $700 Million Money Laundering Case!

On July 18, Judge Eric Vitaliano of Brooklyn's federal court sentenced Anatoly Legkodymov, the founder of the Bitzlato cryptocurrency exchange, to 18 months in prison, equivalent to the time he had already served. Legkodymov's sentencing followed his guilty plea to operating an unlicensed money-transmitting business that concealed over $700 million in illegal proceeds from activities such as gambling and drug transactions.

December 29, 2023

Russian Crypto Exchange Bitzlato Temporarily Halts Withdrawals In Forced Dissolution!

In Jan 2023, Europol announced the arrest of senior management of crypto exchange Bitzlato for its alleged roles in money laundering and cybercrime. On Dec 6, 2023, the U.S. Department of Justice (DOJ) claimed that the exchange had processed over $700 million in unlawful funds, including substantial amounts related to ransomware attacks. Its Russian owner Anatoly Legkodymov plead guilty and agreed to dissolve the exchange. However, withdrawals were recently halted.

September 16, 2023

The U.S. War Against The Russian Crypto Industry!

Before Western sanctions against Russia over the Ukraine invasion began in February 2022, U.S. authorities were cracking down on the Russian crypto scene. Since the beginning of the new sanctions in 2022, the American approach against the Russian crypto scene, which is under general suspicion of money laundering and sanctions violations, has intensified and is bringing charges against Russian crypto schemes and their masterminds.

Crypto

January 24, 2023

Reuters Claims Binance Processed $346 Million For Seized Crypto Exchange Bitzlato!

According to Reuters, Binance processed almost $346 million in bitcoin for the Russian crypto exchange Bitzlato. The company's founder Anatoly Legkodymov was arrested by U.S. authorities last week for allegedly running a money laundering scheme. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order identifying Bitzlato Limited d/b/a Bitzlato (www.bitzlato.com) as a primary money laundering concern in connection with Russian illicit finance

January 20, 2023

United States And French Law Enforcement Actions Against Russian Crypto Exchange Bitzlato!

While the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order that identifies the virtual currency exchange Bitzlato Limited d/b/a Bitzlato..

Portrait of Hindenburg Research: A Constructive and Critical Analysis of a Transforming Short-Seller!

With the announcement by founder Nate Anderson that Hindenburg Research is winding up its operations, this report serves as a reflection—an obituary of sorts—on the firm’s impactful yet polarizing journey. Over seven years, Hindenburg transformed the landscape of activist short-selling, exposing corporate misconduct and reshaping market narratives.

End of an Era: Hindenburg Founder and Finfluencer Nate A!nderson Shakes Empires, Then Closes the Curtain!

Nate Anderson, founder of Hindenburg Research, has announced the closure of his firm, marking the end of a significant chapter in activist short-selling. Established seven years ago, Hindenburg gained prominence for exposing corporate misconduct in companies such as Adani, Nikola, Clover Health, DraftKings, Block, Icahn Enterprises, Super Micro Computer, and Twitter.

Compliance Report: Australian Regulator’s Q4/24 Findings on Illegal Online Gambling Operations Around Softswiss and Others!

The Australian Communications and Media Authority (ACMA) has continued its crackdown on illegal online gambling websites, focusing on operators violating the Interactive Gambling Act 2001. This report analyzes the regulator's recent actions in the context of known illegal casino schemes, particularly those associated with Dama N.V. and Softswiss.

SEC Sues Elon Musk Over Twitter Stock Purchases

Elon Musk faces fresh legal trouble as the SEC alleges he violated U.S. securities laws by failing to disclose his early 2022 Twitter stock purchases on time. By delaying the disclosure, Musk reportedly saved $150 million in additional costs. There is also an opinion in the market that the SEC's action is politically motivated, as Musk is known to be a close confidant and supporter of incoming President Donald Trump.

Compliance Analysis Report: Court Order Against Crypto Exchange BitMEX!

The crypto exchange BitMEX has been ordered to pay a $100 million fine for violations of U.S. anti-money laundering (AML) laws. This decision concludes a prolonged legal battle concerning BitMEX's non-compliance with regulatory requirements between 2015 and 2020. This case highlights the growing enforcement actions against crypto platforms that fail to implement adequate AML measures.