Scoop: Alleged Co-Founder of sanctioned cryptocurrency exchange Garantex arrested in India.

Authorities in India today arrested the alleged co-founder of Garantex, a cryptocurrency exchange sanctioned by the U.S. government in 2022 for facilitating tens of billions of dollars in money laundering by transnational criminal and cybercriminal organizations. Sources close to the investigation told KrebsOnSecurity the Lithuanian national Aleksej Besciokov, 46, was apprehended while vacationing on the coast of India with his family.

krebsonsecurity.com/2025/03/al

A photo of Varkala beach, in Southwest India. To the left are tall, green and orange cliffs above a broad, curved beach with people lounging here and there. To the right is the ocean, with whitecaps coming toward the shore.Aleksej Besciokov, pictured looking at his computer screen. He has cropped hair that is tinted orange and pink.
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