Bitzlato is a little-known Hong Kong registered cryptocurrency exchange that operates globally including in USA. Founded by Russian national Anatoly Legkodymov, Bitzlato facilitated illegal/unlawful transactions including Convertible Virtual Currency (CVC) transactions for cyber criminals including Russian ransomware group. The peer-2-peer crypto exchange facilitate transactions for growing Russia-connected darknet markets, including BlackSprut, OMG!OMG!, and Mega.

The Justice Department and Treasury Department allege that the Hong Kong-registered platform laundered more than $700 million, some of which were tied to illicit Russian finances. The owner was arrested from Miami, and charged for operating unlicensed MSB and laundering USD 700 Mn.