Europol Seizes $19M From Under-fire Exchange Bitzlato
The European Union Agency for Law Enforcement Cooperation released a statement on Monday detailing its latest action against troubled ex change Bitzlato. Per the release, Europol is now in possession of digital wallets holding $19M worth of crypto which, Europol alleges the firm procured unlawfully. Europol’s latest release also claims that about half of Bitzlato’s transactions are tied to criminal activities. Agencies Join Forces to Target Bitzlato The strike on the crypto firm occurred via an operation in which Europol was heavily involved in. However, according to the agency’s media report, French and American law enforcement bodies spearheaded the operation targeting the firm. Law enforcement and judicial authorities from Belgium, Cyprus, Portugal, Spain, and the Netherlands also took part in the crackdown. As stated earlier, the officials confiscated crypto assets worth roughly EUR 18M, however, the haul went further. Vehicles and electronic equipment were pa...