DoJ Mocked for “Major” Enforcement Action Against Bitzlato

Reading Time: 2 minutes The Department of Justice was yesterday roundly mocked for taking down an exchange that no one in crypto had heard of The DoJ had promised a “major international cryptocurrency enforcement action” which ad crypto worried Relief was mixed with amusement when it the reality was made clear, resulting in a meme festival The Department of Justice (DoJ) was mercilessly mocked yesterday after its “major international cryptocurrency enforcement action” resulted in the closure of a Russian crypto exchange no one had ever heard of. Yesterday at noon, the crypto world was expecting action against a known target such as Binance, but The post DoJ Mocked for “Major” Enforcement Action Against Bitzlato appeared first on FullyCrypto.

Jan 19, 2023 - 17:30
DoJ Mocked for “Major” Enforcement Action Against Bitzlato
Reading Time: 2 minutes
  • The Department of Justice was yesterday roundly mocked for taking down an exchange that no one in crypto had heard of
  • The DoJ had promised a “major international cryptocurrency enforcement action” which ad crypto worried
  • Relief was mixed with amusement when it the reality was made clear, resulting in a meme festival

The Department of Justice (DoJ) was mercilessly mocked yesterday after its “major international cryptocurrency enforcement action” resulted in the closure of a Russian crypto exchange no one had ever heard of. Yesterday at noon, the crypto world was expecting action against a known target such as Binance, but instead the five-person top-tier panel announced that it had shuttered Russian exchange Bitzlato due to money laundering. This resulted in a spectacular meme festival the likes of which hasn’t been seen in some time.

Meme Festival Starts as Bitzlato is Revealed as Target

When the DoJ pulled a Justin Sun and made an announcement of an announcement earlier in the morning, revealing that a five-person panel, led by Deputy Attorney General Lisa Monaco, would be announcing major enforcement action in the crypto space, the crypto space was understandably worried. The Bitcoin price, too, dropped $1,000 on the suggestion that a large exchange such as Binance or Coinbase was in trouble.

However, when news broke that Russian site Bitzlato was the target, the response was unbridled hilarity. The fact that Bitzlato was used by illicit darknet sites to the tune of $1 billion, and the fact that the authorities didn’t actually criticize cryptocurrencies at all, was ignored as the jokes and memes began to pile in.

Here we present a collection of the best:

It can’t be ignored that part of the outpouring of joy also brought with it another emotion – relief. The next time we might not be so lucky.

The post DoJ Mocked for “Major” Enforcement Action Against Bitzlato appeared first on FullyCrypto.

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