Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»At U.S. request, India arrests cryptocurrency exchange Garantex administrator accused of money laundering
    Cryptocurrency

    At U.S. request, India arrests cryptocurrency exchange Garantex administrator accused of money laundering

    March 12, 20252 Mins Read


    A Lithuanian national Aleksej Besciokov, wanted by the U.S., arrested in a coordinated operation between the CBI and Kerala Police.

    A Lithuanian national Aleksej Besciokov, wanted by the U.S., arrested in a coordinated operation between the CBI and Kerala Police.
    | Photo Credit: PTI

    Indian authorities arrested at Washington’s request a cryptocurrency exchange administrator accused of money laundering conspiracy and violating sanctions, India’s top crime fighting bureau said on Wednesday (March 12, 2025).

    The United States, Germany and Finland took down the online infrastructure used by the Russian cryptocurrency exchange Garantex, the U.S. Justice Department said last week, adding that two administrators of the exchange were charged.

    One of those administrators was Aleksej Besciokov, a Russian resident and Lithuanian national who was charged with money laundering and also faced accusations of violating sanctions and operating an unlicensed money-transmitting business, the Justice Department said on Friday.

    Besciokov was arrested in Kerala, India’s Central Bureau of Investigation said, adding he was wanted by U.S. authorities. The CBI said that at Washington’s request, India’s Foreign Ministry had a provisional arrest warrant issued.

    It added Besciokov was planning to flee India. It was not immediately clear why he was in India. Washington is expected to pursue Besciokov’s extradition. His representative could not immediately be reached.

    “I can confirm Aleksej Besciokov, one of the administrators of Garantex, was arrested in India at the request of the United States,” a U.S. Justice Department spokesperson told CNN.

    The exchange has processed at least $96 billion in cryptocurrency transactions since April 2019, the U.S. Justice Department said last week.

    Garantex was sanctioned by the U.S. in April 2022.

    Blockchain research company TRM Labs said in a blog post last week that the takedown of Garantex “marks a major milestone in the fight against illicit finance” but cautioned that sanctioned exchanges often attempt to evade restrictions by creating new entities.

    Published – March 13, 2025 10:53 am IST



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    New Cryptocurrency Releases, Listings, & Presales Today – DePhyneAI, AURO Finance, GPUAI

    Cryptocurrency

    Cryptocurrency Live News & Updates : Stellar’s XLM Price Soars Significantly

    Cryptocurrency

    Ripplecoin Mining Unveils Revolutionary Free Cloud Mining App, Set to Reshape Cryptocurrency Investment and Profit for All

    Cryptocurrency

    AAS MINER Launches AI Cloud Mining Platform: Maximize Passive Income from Bitcoin Mining and Cryptocurrency Investments

    Cryptocurrency

    Crypto Week Begins July 14 as Congress Votes on Key Bills

    Cryptocurrency

    High court rules that cryptocurrency is not money – The Mail & Guardian

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Exploring the Rise of Cryptocurrency Betting

    Property

    Tallahassee officials watching Florida bills targeting revenue sources

    Fintech

    How fintech is closing the gap on digital exclusion

    Editors Picks

    Santacruz Silver nomme Eduardo Torrecillas au poste de directeur de l’exploitation -Le 03 mars 2025 à 15:51

    March 3, 2025

    Threat to stock markets comes from China and Middle East, not the US | Larry Elliott

    August 11, 2024

    Vendredi à Cheltenham – Inothewayurthinkin inscrit son nom dans la Gold Cup !

    March 14, 2025

    US DOE Set to Award $53.6 MM for Energy Retrofits in Low-Income Households

    August 26, 2024
    What's Hot

    Zeepay lève 18 millions de dollars et dopte une structure de financement inspirée de la DeFi

    May 7, 2025

    Territoire de Belfort. McPhy Energy repris par John Cockerill Hydrogène

    July 8, 2025

    Romania gains competitive edge in CEE race for property investments

    October 28, 2024
    Our Picks

    SW Investments Limited annonce ses résultats pour le troisième trimestre et les neuf mois clos le 31 décembre 2024 -Le 29 janvier 2025 à 15:11

    January 29, 2025

    Elon Musk’s Tesla Waving Goodbye To Bitcoin? $760M Sent To Unknown Wallets – Tesla (NASDAQ:TSLA)

    October 16, 2024

    Trump Triggers Volatility in Oil Markets

    March 14, 2025
    Weekly Top

    Fin de parcours pour les Français au FIP Silver Koksijde

    July 12, 2025

    FIP Silver Côté du Midi – Blanqué et Bergeron arrachent une demi-finale après une grosse bataille face à Martinez / Florensa

    July 12, 2025

    New Cryptocurrency Releases, Listings, & Presales Today – DePhyneAI, AURO Finance, GPUAI

    July 12, 2025
    Editor's Pick

    Judge strikes down Missouri anti-ESG investment rules, SIFMA wins lawsuit

    August 15, 2024

    Indian fintech IPOs 2024: 35 Indian fintechs prepare for IPO rush as market competition intensifies | Company News

    August 29, 2024

    Strasbourg. Zeus, le mythique destrier des JO de Paris 2024, galope devant le palais Rohan

    May 27, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.