Bitzlato, a cryptocurrency exchange, has announced the temporary suspension of all Bitcoin withdrawals. This decision comes weeks after co-founder Anatoly Legkodymov agreed to dissolve Bitzlato as part of a guilty plea to operating an unlicensed money services business. The suspension is in response to ongoing legal proceedings regarding users’ assets seized in France. Despite the exchange's assets being seized earlier, Bitzlato managed to restore partial access to user funds in March and November. This development underscores the exchange's legal difficulties, particularly after accusations of it being a crucial financial resource for illicit activities on the Hydra darknet marketplace.
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