Crypto giant Binance processed almost $346m in Bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by United States authorities last week for allegedly running a “money laundering engine”, Reuters has reported citing blockchain data. The US Justice Department on January 18 said it charged Bitzlato’s co-founder and majority shareholder Anatoly Legkodymov, a Russian national living in China, with operating an unlicensed money-exchange business that “fueled a high-tech axis of crypto-crime” by processing $700m in illicit funds. Bitzlato had touted the laxity of its back…

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