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Bitzlato has suspended the withdrawal of Bitcoins (<a href="https://crypto.news/price/bitcoin/">BTC</a>) from the platform indefinitely amid legal problems in France. 
On Dec. 27, the crypto exchange platform Bitzlato <a href="https://t.me/bitzlato_newss/103" target="_blank">announced</a> the suspension of special balance withdrawals and technical customer support. The administration called it a “temporary measure” to prepare for upcoming court hearings regarding the seized assets of users in France. 
<blockquote class="wp-block-quote"> 
 “We are faced with the need to suspend special balance withdrawals and technical support.” <cite>Bitzlato </cite>
</blockquote> 
At the same time, users of the web version and the Bitzlato app <a href="https://t.me/bitzlato_newss/46" target="_blank">received</a> access to a partial withdrawal of Bitcoins from Mar. 20. From Sep. 14, the platform increased the funds limit to 60%. 
 You might also like: <a href="https://crypto.news/fincen-says-binance-is-largest-bitzlato-counterparty/"> FinCEN says Binance is largest Bitzlato counterparty </a> 
Bitzlato suspended operations on Jan. 18, the day after the <a href="https://crypto.news/bitzlato-founder-anatoly-legkodymov-arrested-in-miami/">arrest of its founder</a>, Anatoly Legkodymov, in Miami. He subsequently pleaded guilty to transferring and laundering criminal funds. In addition, the entrepreneur agreed to close the platform and waive any claims for about $23 million related to the exchanger’s seized assets. Legkodymov filed a petition for release from custody as part of the plea deal. 
The French Prosecutor’s Office then <a href="https://crypto.news/bitzlato-management-arrested-in-global-crackdown/">initiated</a> an investigation into the company. According to <a href="https://crypto.news/tag/Europol/">Europol</a>, Bitzlato converted criminal-related assets worth about €1 billion ($1.08 billion). The amount includes $700 million for the darknet marketplace Hydra and $15 million for ransomware operators. 
Law enforcement officers also seized the platform’s hot wallet, which contained about 35% of user funds in all cryptocurrencies at the time of the operation. 
 Read more: <a href="https://crypto.news/bitzlato-crypto-exchange-co-founder-pleads-guilty-to-aml-violations/"> Bitzlato crypto exchange co-founder pleads guilty to AML violations </a>

Bitzlato suspends Bitcoin withdrawals

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