Cypher
(BTC) Bitcoin News TodayCrypto WalletsCryptocurrencyCryptocurrency RegulationNewsRussia

Anton Shkurenko Bitzlato, Co-Founder Freed from Moscow Arrest

The co-founder of the Hong Kong crypto exchange Bitzlato Anton Shkurenko has been released from detention. Shkurenko was arrested on February 6 by law enforcers at an identification checkpoint. 

The regulators claimed that Interpol listed Shkurenko as the most wanted individual. After some negotiation with the law enforcer Shkurenko was released.

Shkurenko revealed that he would follow the legal process and had written an obligation report agreeing to appear before the investigators when needed.

Shkurenko Arrested

Cypher

A report shared by the Russian local news site on February 9 revealed that Shkurenko was granted a non-detention warrant after a resolute conversation with the regulators. Shkurenko claimed that he was not involved in any criminal activity. He restated that he was the director of the Bitzlato tech unit. 

Before changes in Bitzlato management, Shkurenko was the custodian of private keys for the company’s crypto wallet.

In the meantime, Bitzlato plans to restore its operation and have more than 100 employees. Shkurenko confirmed that the user funds on the Bitzlato platform are safe and secure. 

📰 Also read:  UN Chief Guterres Issues Dire Warning on AI and Nuclear War Risks

Regulators Probing Bitzlato Officials

At the beginning of this year, regulators in the U.S and Europe demanded the closure of the Russian crypto firm Bitzlato. The regulators alleged that Bitzlato was involved in a money laundering scheme involving $700M.

Bitzlato’s unlawful activity triggered the U.S. Treasury to take action to detach the business from the international financial system.

The Bitzlato scandal was linked to other crypto exchanges, including the largest crypto exchange Binance. The U.S. Financial Crimes Enforcement Network (FCEN) investigation confirmed that most Bitcoin transactions were channeled using the Binance crypto exchange.

Investigators disclosed that Bitzlato engaged LocalBitcoins to expedite the buying and selling of Bitcoin.

Multiple Parties Involved in Bitzlato Scandal

Afterward, the investigation launched by U.S. and Europe regulators impacted the arrest of Bitzlato founder Anatoly Legkodymov with his four counterparts for engaging in unregulated money transactions in January.

 After the arrest, the regulators reported confiscating assets worth $19.5M and suspended more than 100 crypto transactions. Other seized assets include huge cash, luxurious vehicles, and accessories.  

📰 Also read:  Former FTX Executive Ryan Salame to Serve  7.5 Years in Prison 

The Bitzlato money laundering scandal triggered the Spanish authority to collaborate with other international partners to arrest the company’s chief executive officer.


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Mistral Nets $644M Funding in $6B Valuation Amid Open-Source AI Boom

Cypher

Stephen Causby

Stephen Causby is an experienced crypto journalist who writes for Tokenhell. He is passionate for coverage in crypto news, blockchain, DeFi, and NFT.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content