A Russian national who founded a cryptocurrency exchange that evaded U.S. regulations and became a haven for proceeds of criminal activity has been arrested, federal officials said Wednesday.
Anatoly Legkodymov, who lives in China, was arrested Tuesday night in Miami and was due in court on a charge of conducting an unlicensed money transmitting business.
Prosecutors allege that Legkodymov’s China-based cryptocurrency exchange, Bizlato Ltd., of which he served as majority owner, did not implement required anti-money laundering safeguards and required only minimal identification from its users, even permitting users to supply information belonging to “straw man registrants,” people serving as cover for the users.
The Justice Department said Bizlato, either directly or through its intermediaries, conducted more than $700 million in cryptocurrency exchanges with users of Hydra Market, a darknet marketplace for drugs, fake identifications and other illegal products.
The U.S. government is monitoring a suspected Chinese surveillance balloon that has been flying over the...
Ukraine's defence minister has said Russia is preparing a major new offensive, and warned that it...
The International Association of Fire Fighters called on Monday for the elimination of protective gear that...
