Binance was named as considered one of Bitzlato’s high three receiving counterparties, based on an order by the US Treasury Monetary Crimes Enforcement Community (FinCEN).
The US authorities introduced enforcement actions in opposition to the little-known alternate on Jan. 18, accusing it of facilitating the laundering of $700 million. The alternate’s Russian founder Anatoly Legkodymov was arrested in Miami.
Round two-thirds of Bitzlato’s high receiving and sending counterparties had been related to darknet markets or scams,the FinCEN order reported. The authorities identified that aside from Binance, the opposite high receiving counterparties of Bitzlato included Russia’s darknet Hydra and Ponzi scheme “TheFiniko.”
In the meantime, a Binance spokesperson informed CryptoSlate:
“Binance is happy to have offered substantial help to worldwide regulation enforcement companions in help of this investigation. This exemplifies Binance’s dedication to working collaboratively with regulation enforcement companions worldwide.”
FinCEN mentioned its order prohibits all lined monetary establishments from transmitting funds involving Bitzlato.
The authorities added that the alternate was decided to be a “main cash laundering concern in reference to illicit Russian finance.”
The order turns into efficient Feb. 1.
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