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The Defiant

Everything you didn't know about Bitzlato

WTF Is Bitzlato?

By: Jack Dunham •  

Everything you didn't know about Bitzlato

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.