Washington – The founder and senior executive of cryptocurrency exchange Bitzlato was arrested on Tuesday in Miami and charged with directing the company to knowingly transmit funds derived from cybercrimes and other illicit activity, Justice Department officials announced Wednesday.According to prosecutors, the company even allowed users to submit fake registrant information to avoid detection.The year-long investigation into Legkodymov's allegedly criminal conduct was the result of coordination between federal prosecutors, the U.S. Treasury Department, and French law enforcement officials, Monaco said Wednesday, and culminated in the seizure of Bitzlato's servers across Europe and cryptocurrency.According to the criminal complaint that was unsealed Wednesday in the Eastern District of New York, Bitzlato did business with customers in the U.S. and its employees advised users that they could transfer funds to American banks.In announcing the charges and arrest, Assistant Attorney General Kenneth Polite, who oversees the Justice Department's Criminal Division, said the international work marked an important step in the federal government's work to combat illegal activity across the cryptocurrency ecosystem."