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

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

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.

Indian authorities arrested Aleksej Besciokov, the co-founder and one of the administrators of the Russian Garantex crypto-exchange while vacationing with his family in Varkala, India.

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

Besciokov allegedly ran Garantex, laundering over $96 billion in cryptocurrency for global criminal groups, including terrorists, while violating sanctions.

Aleksej Besciokov, co-founder of the Garantex crypto exchange that was allegedly used by criminals, has been arrested in India.

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, was arrested in the southern state of Kerala on Tuesday, India's top investigative agency said.

The Central Bureau of Investigation and the Kerala Police have arrested a Lithuanian individual whom the United States wanted for setting up cryptocurrency exchange Garantex, allegedly to launder the proceeds of criminal activities from a homestay located in the southern town of Varkala.