Anatoly Legkodymov, a Russian crypto expert and a resident of China has been charged by the Department of Justice (DOJ) of the United States for generating more than 700 million US Dollars in illegal funds.
Legkodymov was taken into custody in Miami. The arrest was announced by Breon Peace, the US Attorney in a press meeting. He said that institutions that trade in cryptocurrency were not above the law and their owners were not beyond the reach of the law.
He continued that as alleged, Bitzlato sold itself to criminals as a no-questions-asked cryptocurrency exchange, and reaped hundreds of millions of dollars worth of deposits as a result. He added that the defendant was now paying the price for the malign role that his company played in the cryptocurrency ecosystem.
Bitzlato: Bio
Bitzlato is a crypto exchange platform. The modern platform in peer-to-peer (P2P) mode, based in Russia, allows the exchange of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE), Tether (USDT), Monolith Ruble (RUBM), Dash (DASH), and Litecoin (LTC) without hidden commissions and intermediaries.
Other than the P2P exchange, Bitzlato has also a regular exchange. This regular exchange allows the switching of coins at very low fees and supports above 20 crypto-to-crypto markets.
The platform has Telegram-based P2P bots that serve users and could be structured down to a secure, reliable, and stellar crypto trading experience.
The web address of the platform is Bitzlato, and the support contact is Link. It is primarily located in Hong Kong and has a daily volume of 0.0 BTC.
Mobile apps are not available for Bitzlato and it is not decentralized. The parent company of Bitzlato is Bitzlato Limited.
It allows transfer types such as Crypto Transfer, Bank Transfer, Debit Card, and Credit Card. The supported fiat is over 60 with 22 supported pairs. The fees are comparatively low.
Bitzlato: Origin And History
Bitzlato was initially launched as a Russian cryptocurrency mining company in 2013. Bitzlato was previously known as ChangeBot. It was founded by Anatoly Legkodymov, a Russian crypto entrepreneur, with a team of experienced engineers.
The operations of the company is focused on running and developing mining equipment, and data centers. The company has a wing that provides mining services to clients from other nations as well.
In 2016 the company established a dominant branch in online crypto services. This was idealized by the launch of a Bitcoin P2P exchange service on Telegram as a Telegram bot.
It is referred to as a mobile BTC banker and the bot is available at @BTC_CHANGE_BOT. The bot services are safe and secure and are offered at an affordable rate.
The bot service venture was successful which resulted in the launch of more Telegram exchange bots such as the bots for the buying and selling of Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Dash (DASH), and Ethereum (ETH). It was ranked as the second-best P2P exchange in trading volume in Russia.
In 2018, the company launched another new service in the form of a web version for already existing P2P exchangers along with a cryptocurrency exchange. The exchange platform underwent a rebranding and was named as Bitzlato from ChangeBot. The new service enabled users to use all the services through a single user account.
In 2021 reports the service suite of Bitzlato comes with a cryptocurrency wallet, a P2P fiat-to-crypto exchange accessible via the platform, and Telegram bots.
The research team of the company is on the project to develop BitzlatoPay, a crypto payment gateway intended for merchants; and a mining pool, a P2P lending platform, a mobile app, and other crypto products.
Bitzlato: Key Features
The key features of Bitzlato are:
- Buying and selling of 10 top cryptocurrencies with cash and other payment methods. Other than BTC. ETH, LTC, DASH, BCH, DOGE, USDT, and RUBM, it offers crypto-to-crypto exchange of Ethereum Classic (ETC) and Dai (DAI) trading against bitcoin and stablecoins.
- P2P exchange with Telegram bots. There are 13 active Telegram bots:
- there are 6 bots: for bitcoin exchanges.
- there are 2 stablecoin bots. They are:
- Tether USD
- Monolith RUB
- there are 5 altcoin bots. They are:
- Ethereum
- Litecoin
- DASH
- Bitcoin Cash
- Dogecoin
- Cryptocurrencies trade in the Bitzlato web exchange platform.
- Reliable and secure service.
- Demo account.
- Very low fees.
- Exchange without 3rd part
- Common wallet
- Exchange security
- 2monolith cryptocurrency
- Trade with no commission
- Exchange of integration
Bitzlato is deemed as suitable for both beginners and experienced crypto traders.
Bitzlato: Pros And Cons
Bitzlato: Pros
Wide variety of payment methods with very low fees.
- Cash innovative approach to trading Account verification (only optional)
Bitzlato: Cons
Limited amount of altcoins Self-regulated exchange.
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Bitzlato Supported Countries
Bitzlato services are available in almost all countries with certain restrictions.
The examples of countries in which Blitzato is not supported include, but are not limited to:
- The United States of America
- The Federal Republic of Germany
At pixel time, the company website is available in seven languages. The seven languages are:
- English (EN)
- Russian (RU)
- Portuguese (PT)
- Spanish (ES)
- Simplified Chinese (ZH)
- Arabic (AR) and
- French (FR).
Bitzlato Verification
The documents to be kept ready for Bitzlato Verification
- Passport data of the applicant
- A valid email address in the name of the applicant
- A close-up selfie of the applicant along with
- ID card
- Another picture of the applicant (with the background of a Bitzlato website)
- A video of the applicant pronouncing a presented Verbatim phrase
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