Everything you didn't know about Bitzlato

WTF Is Bitzlato?

By: Jack Dunham • Loading...

Today we’re blitzing through the Bitzlato story. A Moscow headquartered, Hong Kong registered crypto exchange which nobody seemed to know about until yesterday, when the founder was arrested by US authorities in Miami for allegedly laundering $700m worth of crypto.

Much of this story was a complete mystery until recently, so let’s dive in and figure out which agencies were involved in the arrest and how significant this really is.

Bitzlato

Get the best of The Defiant directly in your inbox 💌

Know what matters in Web3 with The Defiant Daily newsletter, every weekday

90k+ investors informed every day. Unsubscribe anytime.

;

Trending Now

Reya’s Liquidity Generation Event Attracts $100 Million In Less Than 24 Hours

Reya facilitates shared liquidity among native decentralized exchanges.

Renzo’s Restaked ETH Depegs to $700 As Season 1 of Airdrop Ends

The de-peg led to liquidations across DeFi protocols Gearbox and Morpho Labs.

U.S. Prosecutors Seek Three-Year Sentence For CZ

Department of Justice demands extended sentence for Binance's former CEO, Changpeng Zhao.

Bitcoin’s New Runes Protocol Fuels Sky High Transaction Fees

Runestones have dropped 70% after an airdrop snapshot was taken on April 21.

Arthur Hayes Says Ordinals ‘Bring Human Culture’ To Oldest Crypto Community

The investor’s fund, Maelstrom, is focused on assets that gave rise to crypto meme culture.

Ethereum Ecosystem Activity Soars to All-time High

Weekly active wallets have surpassed 10 million, driven by Base and Polygon.