Bitzlato, a crypto exchange, has announced the temporary suspension of all Bitcoin withdrawals. This measure is being taken as the company prepares for upcoming legal hearings regarding its users’ assets seized in France. Despite the exchange and its assets being seized earlier this year, Bitzlato was able to partially restore access to user funds, allowing them to withdraw a percentage of their assets stuck on the platform. However, the former CEO of Bitzlato has agreed to dissolve the company and forfeit $23 million in cryptocurrency as part of a guilty plea to operating an unlicensed money services business. The exchange has faced accusations of being used by criminals and being a crucial financial resource for the Hydra darknet marketplace.

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Information	Details
Geography	Europe
Countries	🇺🇸 🇫🇷
Sentiment	negative
Relevance Score	1
People	Anatoly Legkodymov, Breon Peace
Companies	Bitzlato, United States Department of Justice, French law enforcement, Hydra darknet marketplace, Treasury Department
Currencies	Bitcoin
Securities	None