Bitzlato

ChatGPT has not impressed Meta’s chief artificial intelligence scientist! Read more tech news Good Morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Report: Elon Musk Was Sued for Not Paying Rent for Twitter Offices in London and San Francisco. Fast-Track Insights: CZ Claims FTX Paid $43 Million to an Information Group to Spread Binance Rumours. Since its launch, OpenAl’s ChatGPT, an Al chatbot, has received a lot of publicity. Not a day goes by without a news report…

U.S. authorities have been reportedly investigating Binance for nearly four years. Recent enforcement actions against entities connected to Binance is putting even more pressure on the world’s largest exchange.Photo: salarko (Shutterstock)Binance, the world’s largest crypto exchange has been linked to a federally charged crypto company and its founder to the tune of nearly $346 million in bitcoin. It comes after months of speculation that federal prosecutors are honing in on Binance over allegedly facilitating illicit…

U.S. authorities said on Wednesday they have arrested the majority shareholder and Co-Founder of Hong Kong-registered virtual currency exchange Bitzlato Ltd for allegedly processing $700 million (roughly Rs. 5,700 crore) in illicit funds.Anatoly Legkodymov, a Russian national living in China, was arrested in Miami on Tuesday on charges that he operated the exchange as an unlicensed money exchange business that "in his own words, catered to 'known crooks,'" a top Justice Department official said.Prosecutors said Bitzlato…

U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money laundering for criminals. The Treasury Department designated Bitzlato under a section of the USA Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit funds for ransomware actors based in Russia. This type of action, a rarely used so-called death-knell sanction that cuts off…