The cryptocurrency trading platform Bitzlato announced a suspension of withdrawals weeks after its co-founder pleaded guilty

ChainCatcher news, the encrypted trading platform Bitzlato posted a message on its Telegram channel stating that it will temporarily suspend special balance withdrawals and technical support. The purpose is to prepare for and conduct hearings regarding the court hearing on the seizure of user assets, which will be held in France. The company stated: "We are determined and optimistic about this matter."

Previously, Anatoly Legkodymov, the Russian founder and major shareholder of Bitzlato Ltd., pleaded guilty, admitting to operating a currency trading business that engaged in illegal money transfers. As part of the plea agreement, Anatoly agreed to dissolve Bitzlato and waive all rights to approximately $23 million in seized Bitzlato assets.