Summary: Indian authorities have arrested Aleksej Besciokov, a co-founder of the Russian cryptocurrency exchange Garantex, on charges related to facilitating cryptocurrency-based money laundering linked to ransomware groups. The exchange has been sanctioned by the U.S. and EU due to its alleged involvement in illegal activities. In a parallel development, Garantex is attempting to address the impact of a seizure that froze million in assets and is offering clients a resolution plan.
Affected: Garantex cryptocurrency exchange
Keypoints :
- Aleksej Besciokov was arrested in India under extradition laws after being indicted by the U.S. for money laundering.
- The U.S. and EU have sanctioned Garantex for allegedly facilitating transactions for ransomware syndicates.
- Garantex is attempting to compensate affected clients following the freezing of assets and has initiated a financial restructuring process.
Source: https://securityonline.info/aleksej-besciokov-garantex-co-founder-faces-extradition-after-arrest/