Hey there, friend!
Happy New Month!
Big news in the world of cryptocurrency today. The US Department of Justice just announced a major crackdown on crypto crime, arresting a Russian national who allegedly founded a criminal online platform called Bitzlato. This platform processed over $700 million of illegal funds, advertising its services to known crooks. The founder, Anatoly Legkodymov, was arrested in Miami on Tuesday.
Deputy Attorney General Lisa Monaco led the press conference. It said, “Today’s actions send the clear message: whether you break our laws from China or Europe – or abuse our financial system from a tropical island – you can expect to answer for your crimes inside a United States courtroom.” And FBI Assistant Deputy Director Brian Turner added, "We, along with our federal and international partners, will work relentlessly to disrupt and dismantle these types of criminal enterprises."
As a result of the announcement, the price of Bitcoin dropped sharply as investors and traders feared the potential introduction of strict regulations. However, it has since seen a slight recovery. This news comes amidst ongoing legal action against another cryptocurrency exchange, FTX, and its founder, Sam Bankman-Fried. It’s clear that the US government is taking crypto crime seriously and won't let these illegal activities go unpunished.
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With ❤️ from Goodness
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