Bitcoin

<ul><li>Legkodymov’s 18-month sentence deemed sufficient despite Bitzlato’s $700M illicit transactions highlights case leniency.</li><li>Judge Vitaliano’s decision contrasts with Bankman-Fried’s 25-year sentence, reflecting different legal outcomes.</li><li>Europol’s report links 46% of Bitzlato’s assets to illegal activities, showcasing the exchange’s significant criminal role.</li></ul>Anatoly Legkodymov, founder of the defunct crypto exchange Bitzlato, will not face additional jail time despite his exchange&#39;s role in processing over $700 million from illicit activities. On July 18, in a New York District Court, Judge Eric Vitaliano<a href="https://www.courtlistener.com/docket/68065264/united-states-v-legkodymov/?filed_after&#61;&amp;filed_before&#61;&amp;entry_gte&#61;&amp;entry_lte&#61;&amp;order_by&#61;desc" rel="noopener noreferrer nofollow"> decided</a> that the 18 months Legkodymov served at Brooklyn&#39;s Metropolitan Detention Centre (MDC) was sufficient punishment. The judge<a href="https://www.law360.com/cybersecurity-privacy/articles/1859807?utm_source&#61;rss&amp;amp;amp;amp;utm_medium&#61;rss&amp;amp;amp;amp;utm_campaign&#61;section" rel="noopener noreferrer nofollow"> acknowledged</a> the harsh conditions of the MDC, highlighting that this time already served would be considered ample for the severity of his crimes.Legkodymov, who pleaded guilty to operating an unlicensed money-transmitting business, had his sentence reduced to time served. This decision contrasts sharply with other high-profile cases, such as that of<a href="https://cryptotale.org/ftx-resolves-200-million-irs-tax-dispute-amid-bankruptcy-proceeding/" rel="noopener noreferrer nofollow"> FTX </a>founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence following his conviction on multiple fraud charges. While Bankman-Fried’s trial was characterized by extensive legal battles, Legkodymov’s case concluded with a focus on the period he had already endured.<a href="https://cryptotale.org/no-more-jail-for-bitzlato-founder-18-months-imprisonment-enough-judge-rules/" rel="noopener noreferrer nofollow">Read more on Cryptota</a><a href="https://cryptotale.org/nft-rollercoaster-decentraland-takes-a-dip-enjin-coin-surges-axie-infinity-holds-strong/" rel="noopener noreferrer nofollow">le.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

No More Jail for Bitzlato Founder, 18 Months Imprisonment Enough; Judge Rules

CryptoTale

Other articles published on Jul 20, 2024

MoonBag's $3.5M Presale Sets the Pace: See How It Stands Out from Celestia & Cosmos

Bearish Bear ($GROWL) Set for Launch: Could It Double in Value in a Week?

Injective (INJ) and PEPE Show Promising Upsides Amid Market Trends

WEEX's Bold Move In Crypto Trading: Insights From VP Andrew Weiner

Spot Ethereum ETFs Launch on Cboe Next Week Amid Investor Anticipation

Decoding the Altcoin Market: Which Coin To Show 100X This July?

Join our free newsletter for daily crypto updates!