US arrests founder of HK-registered crypto exchange Bitzlato for fraud

US arrests founder of HK-registered crypto exchange Bitzlato for fraud

FILE PHOTO: Representations of cryptocurrencies plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Anatoly Legkodymov, founder and majority owner of Hong Kong-registered Bitzlato, was arrested by the US authorities on Tuesday night in Miami for illicit transfer of $700 million via its crypto exchange.