Summary: Indian authorities arrested Aleksej Besciokov, co-founder of the Russian Garantex crypto-exchange, under extradition law while he was on vacation in Varkala. Besciokov and his co-founder face charges in the U.S. for facilitating money laundering and other criminal activities through their exchange. Garantex has been implicated in significant illegal financial activities, leading to its domains seizure and the freezing of over million in funds.
Affected: Garantex crypto-exchange
Keypoints :
- Aleksej Besciokov was arrested by Kerala police while vacationing in India.
- U.S. charges include money laundering, operating an unlicensed money-transmitting business, and violating economic laws.
- Garantex has been actively involved in facilitating crime and has had over billion in transaction volume.
- Law enforcement agencies seized Garantex domains and servers to halt its operations.