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Bitzlato crypto exchange co-founder pleads guilty to unlicensed money transmitting.

Anatoly Legkodymov, aka Anatolii Legkodymov, Gandalf, and Tolik, was arrested in Miami earlier this year. The feds said his crypto exchange advertised its lack of ID requirements for users and processed more than $700 million over the years for ransomware gangs and other criminals as a counterparty for Hydra Market, a Russian dark web site they shut down last year.

He now faces a maximum penalty of five years in prison, and his guilty plea comes a week after another Russian man,  Vladimir Dunaev, pleaded guilty to helping develop the Trickbot malware.