Overview

Click to expand overview
Law enforcement authorities took down the digital infrastructure of the service, based in France, and interrogated leading members of the platform’s management. 'An operation led by French and US authorities, and strongly supported by Europol, has targeted the crypto exchange platform Bitzlato. The globally operating Hong Europol has reported that the Bitzlato senior management team has been arrested in a French and US operation. Moreover, the press release of the operation stated According to an announcement by Europol, French and American law enforcement have carried out an international operation, ‌alongside Europol, to take down the Investigations into the cybercriminal operators indicated that large volumes of criminal assets were going through the platform. An operation led by French and U.S. U.S. Deputy Attorney General Lisa Monaco announced on January 18 that authorities had initiated enforcement proceedings against Bitzlato in conjunction with France Targeting crucial crime facilitators such as crypto exchanges is becoming a key priority in the battle against cybercrime.Bitzlatoallowed the rapid conversion of various crypto-assets such as bitcoin, ethereum, litecoin, bitcoin cash, dash, dogecoin and USDT into Russian roubles. It is estimated that the crypto exchange Ver más

Bitzlato Management Arrested in French and US Operation: Crypto Exchange Shutdown

An operation led by French and US authorities, and strongly supported by Europol, has targeted the crypto exchange platform Bitzlato. The Bitzlato senior management team has been arrested in a French and US operation, Europol has reported. U.S. Deputy Attorney General Lisa Monaco announced on January 18 that authorities had initiated enforcement proceedings against Bitzlato in conjunction with France. Law enforcement authorities took down the digital infrastructure of the service, based in France, and interrogated leading members of the platform’s management.

According to an announcement by Europol, French and American law enforcement have carried out an international operation, \u200calongside Europol, to take down the globally operating Hong Kong-based crypto exchange. This action follows investigations that revealed large volumes of criminal assets were going through the platform.

Why Was Bitzlato Targeted?

Targeting crucial crime facilitators such as crypto exchanges is becoming a key priority in the battle against cybercrime. Bitzlato allowed the rapid conversion of various crypto-assets such as bitcoin, ethereum, litecoin, bitcoin cash, dash, dogecoin and USDT into Russian roubles.

This operation signifies a coordinated international effort to combat cryptocurrency-related financial crime. Further details about the investigation, including the specific charges and the estimated volume of illicit transactions, are expected to be released soon.

Top Sources

Related Articles