BREAKDOWN: Bitz Who Now? Department of Justice Takes Down Russian Exchange Bitzlato

After much buildup this morning, the DoJ’s Bitzlato announcement was underwhelming to some.

On today’s episode, NLW catches up on the latest on crypto crime and fall out, including:

Disgraced 3AC founders’ attempt to build a new exchange with bankrupt CoinFLEX called GTX.Sam Bankman-Fried’s latest blog post arguing about how FTX.US assets should be considered by the bankruptcy committee. The DoJ’s much anticipated announcement about an “international enforcement action” that turned out to be an exchange most people had ever heard of.

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Wirestock/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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