This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Founder of cryptocurrency exchange Bizlato pleads guilty to operating unlicensed money-transmitting business

( December 7, 2023, 00:02 GMT | Official Statement) -- MLex Summary: Anatoly Legkodymov, a Russian national also known as “Gandalf” and “Tolik,” pleaded guilty to operating a money transmitting business that transported and transmitted illicit funds. Legkodymov founded and was majority owner of Bitzlato Ltd., a cryptocurrency exchange that served as a conduit for dark market purchasers and sellers, as well as a safe haven for ransomware criminals, prosecutors said. As part of his plea agreement, Legkodymov agreed to dissolve Bitzlato and to release any claim over approximately $23 million in seized assets.Statement follows below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login