Binance Named Key Partner of Crime Suspect Bitzlato

The world's largest cryptocurrency exchange Binance Holdings Ltd. named one of the key counterparties of the platformdigital assets of Bitzlato, which is accused of handling millions of dollars obtained illegally.

Let us remind you that on Tuesday the Russian founderBitzlato Anatoly Legkodymov was arrested in Miami on charges of concealing more than $700 million in proceeds from illegal gambling and drug transactions.

Financial Crime NetworkThe Treasury Department indicated in the order that "approximately two-thirds of Bitzlato's receiving and sending counterparties are associated with darknet markets or fraud."

At the same time, in the document of the Ministry of FinanceUS, Binance is named the largest recipient of Bitcoin between May 2018 and September 2022. Darknet Hydra and financial pyramid Finiko took second and third places.

In this sense, the statement of the crypto exchange Binance sounds somewhat illogical:

Binance has provided significant assistance to internationallaw enforcement authorities as part of this investigation. This demonstrates Binance's commitment to working with law enforcement agencies around the world.

There are opinions in the crypto community that the pathos of the US authorities in the overall fight against the Bitzlato criminal scheme does not correspond to the scale of a small exchange. It is likely that this is an attack against Binance.

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