Ex-Owner of Hacked Bitzlato Crypto Exchange Arrested in Moscow

According to neighborhood reports, Bitzlato turned into charged with extortion and cash laundering, even as he's being hung on suspicion of records theft. The crypto businessman denied all prices towards him and stated that he could combat them in court.

According to the prosecutor's office, Bitzlato have been suspected for years of the usage of cryptocurrencies for unlawful functions and laundering cash via his websites. He allegedly stole private records from clients' computer systems and encrypted it the usage of a unique set of rules earlier than promoting it at the darknet for bitcoin or different cryptocurrencies.

The Bitzlato case is one in all numerous latest instances related to Russian hackers promoting stolen cryptocurrency online. This month, guys have been arrested in St Petersburg for promoting $eighty million really well worth of virtual cash at the darknet market AlphaBay2