The co-founder of shuttered crypto exchange Bitzlato, which had been charged with money laundering in a major international operation earlier this month, said the company plans to eventually resume operating, according to Forklog. By NelWang
Anton Shkurenko, whose co-founder Anatoly Legkodymov was arrested in the law enforcement operation along with several other Bitzlato executives, said police had seized the platform’s hot wallet, which contained about 35% of user funds in all cryptocurrencies at the time.
But Shkurenko said the exchange would reopen at an unspecified time, and that he could say with “100% certainty” that “we will allow 50% of user funds in bitcoin held in Bitzlato wallets to be withdrawn on the same day we launch. For other cryptocurrencies, the launch will be gradual.” The previously little-known exchange was charged in mid-January with laundering over $700 million in funds tied to criminals in Russia. Legkodymov is a Russian citizen and majority owner of Bitzlato who was living in China and was arrested in Miami.
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