Bitzlato Shutdown Puzzles Cryptoverse: What We Know About Its Alleged Russian Links

Cryptocurrency followers have been left a bit confused after the Justice Department said it had shut down a little-known China-based cryptocurrency exchange named Bitzlato. What Happened: Bitzlato founder Anatoly Legkodymov, a Russian national who lives in China, was arrested in Miami on Tuesday night and charged with running a $700 million money-laundering operation.