The Indian Intelligence authorities arrested a Russian resident accused of involvement with Garantex, a cryptocurrency exchange. The exchange is said to help criminal entities such as terrorists and drug traffickers launder their money.

Garantex co-founder Aleksej Besciokov was arrested in India's Kerala on Tuesday, U.S. and Indian officials tell TechCrunch.

The US Justice Department and Secret Service says Aleksej Besciokov operated a cryptocurrency exchange that helped criminal entities like terrorist organisations to launder funds.

Alexsej Besciokov, a Lithuanian co-founder of the sanctioned cryptocurrency exchange Garantex, was arrested in India. He faces charges of money laundering and conspiracy, linked to billions in illicit funds.

Indian authorities, acting on a US request, arrested Aleksej Besciokov, a Lithuanian national and co-founder of the sanctioned Garantex cryptocurrency

Besciokov is charged with money laundering conspiracy, conspiracy to violate sanctions and conspiracy to operate an unlicensed money transmitting business.

US, Germany, and Finland dismantle Russian cryptocurrency exchange Garantex; administrator arrested in India for money laundering and sanctions violations.

Authorities in India have arrested a cryptocurrency exchange administrator wanted by the US for allegedly helping cybercriminals launder money and violate sanctions. Aleksej Besciokov, a Lithuanian citizen and Russian resident,

Police in the Indian state of Kerala arrested a Lithuanian national who is wanted in the US for running Garantex, a sanctioned crypto exchange.