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On July 18, the US District Court in Brooklyn, New York, sentenced Anatoly Legkodymov, the Russian founder of the Bitzlato cryptocurrency exchange, to 18 months in prison. Legkodymov was found guilty of operating an unlicensed money-transmitting business that facilitated over $700 million in illegal cryptocurrency transactions, masking proceeds from illegal gambling and drug deals. The court ruled that the 18 months he had already served in pre-trial detention was adequate punishment, and he will not face additional jail time.
The founder of Bitzlato was given credit for his time in pre-trial detention. He'll be released On July 18, the US District Court in Brooklyn, New York, sentenced Anatoly Legkodymov, the founder of the cryptocurrency exchange platform @bitzlato, to 18 months in prison, taking… https://t.co/15cxJXFVXh
UPDATE: BITZLATO FOUNDER LEFKODYMOV WILL NOT FACE MORE JAIL TIME AFTER 18 MONTHS IN PRISON; COURT SAYS IT'S ADEQUATE PUNISHMENT FOR $700M ILLEGAL PROCEEDS
The Russian founder of Bitzlato was sentenced to time served for facilitating over $700 million in illegal crypto transactions https://t.co/gVk4DpY7Xc
