“Approximately two-thirds of Bitzlat’s top receiving and sending counterparties are linked to darknet markets or scams. For example, Bitzlat’s top three receiving counterparties by total BTC received between May 2018 and September 2022 were: (1) Binance, VASP (2) darknet marketplace Hydra linked with Russia and (3) the alleged Ponzi scheme “TheFiniko” based in Russia.
Binance named as counterparty in FinCEN order against Bitzlat
