US Takes Action Against Bitzlato Crypto Exchange, Arrests Founder

and arrested its founder in Miami, officials said in a Wednesday press conference.

That label effectively declares the exchange"an international pariah," said Treasury Deputy Secretary Wally Adeyemo. The company hosted wallets of criminals buying and selling illegal goods, according to Justice Department officials, involving $700 million in direct and indirect transfers in the last several years. FinCEN said the company played a key role in handling illicit transactions for ransomware actors in Russia, including those connected to the Russian government.

jesseahamilton What a total JOKE and pathetic show of wasted time, money and resources the US Justice Department showed in this SMALL take down of a company worth 6 Million dollars!!! While FTX stole BILLIONS and they allowed it!!! Pathetic!!! TheJusticeDept

jesseahamilton What a total JOKE and pathetic show of wasted time, money and resources the US Justice Department showed in this SMALL take down of a company worth 6 Million dollars!!! While FTX stole BILLIONS and they allowed it!!! Pathetic!!! USJusticeSystem

jesseahamilton Hoax 🤣🤣🤣

jesseahamilton This is a big joke. This is a normal joke.

jesseahamilton Never heard of this exchange.

jesseahamilton

jesseahamilton Cool! Another bad actor gone, now back to the bull run 🚀

jesseahamilton Bitzlato Ltd. is a Hong Kong registered cryptocurrency exchange which operated globally 🤔 participated in ransomware attacks, drug trafficking and money laundering - def not popular in the USA

jesseahamilton What an announcement 🤣

jesseahamilton Wow, that's really surprising news. It looks like the US government is getting serious about cracking down on illegal activity in crypto exchanges. What else do we know?

jesseahamilton Some people are saying it is a Russia, you are saying it is Hong Kong?

jesseahamilton “Breaking” “news”

jesseahamilton god sake, it's Bits Lotto*.

USTreasury TheJusticeDept It's a tiddler!

USTreasury TheJusticeDept I'm sorry, only italians will understand it

jesseahamilton Nobody knows Bitzlato, nobody cares...

jesseahamilton don't you dare cover this like it's real news

jesseahamilton Keep arresting scammers. Many newbies deposit money or crypto on any exchange outhere, they are way too many scamers.

jesseahamilton hoteliercrypto

jesseahamilton breaking MY WALLETS news

jesseahamilton 'There is no place the DOJ does not enforce the law.' Except Mar-A-Lago.

jesseahamilton When bitzlato listing sir?

jesseahamilton always late. later.

jesseahamilton 🤡🤡🤡🤡🤡

jesseahamilton Next must to be Nexo !

jesseahamilton

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Bitzlato founder arrested for allegedly processing $700 million in illicit fundsThe Justice Department arrested the founder of crypto exchange Bitzlato, calling the China-based exchange a 'high-tech axis of cryptocrime.' We were scared for a moment😅😅lol DOJ-1: 'Guys, they are making fun of us on the internet for Bitzal..which only had like 18 users and $6M at ATH' DOJ-2: 'We'll just accuse the guy of $700M money laundering. That will show them!' “Bitzlato, the China-based money laundering engine that fueled a high-tech axis of cryptocrime”
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Bitcoin, crypto prices bounce back following DOJ announcementThe U.S. Department of Justice and the Treasury have taken enforcement action against the Russian exchange Bitzlato.
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