Feds arrest Russian crypto operator on suspicion of criminal activities

US authorities arrested a Russian cryptocurrency executive who allegedly exchanged hundreds of millions of dollars with drug traffickers and cybercriminals. Anatoly Legkodymov, 40 years old, was arrested in Miami on Tuesday night, the Justice Department said Wednesday. The US Treasury Department has labeled his cryptocurrency exchange, Bitzlato Limited, a “primary money laundering concern,” a move designed to cripple the exchange and cut off its financing. His arrest marks the latest effort by President Joe Biden’s administration to crack down on digital currencies that US officials say have for too long...