Anatoly Legkodymov, the founder of the cryptocurrency exchange Bitzlato, has pleaded guilty to operating an unlicensed money-transmitting business. Bitzlato had ties to the dark web, and Legkodymov’s guilty plea comes as part of the Department of Justice’s (DOJ) efforts to dismantle illicit cryptocurrency operations. The DOJ had previously shut down Hydra Market in 2022, an online marketplace linked to Bitzlato, seizing approximately $700 million worth of cryptocurrency exchanged between the two platforms. Legkodymov will forfeit $23 million as part of the legal resolution.
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