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Indian police have apprehended Aleksej Besciokov, the co-founder of the controversial Russian crypto exchange Garantex, under India's extradition law. The news was first reported by KrebsOnSecurity.
What’s the Scoop?
- High-profile Arrest: Aleksej Besciokov was arrested in Varkala, India for allegedly facilitating money laundering linked to North Korean hackers via the Garantex platform.
- Extradition Proceedings: The arrest was executed under India's extradition law, highlighting cross-border cooperation in tackling financial crimes involving cryptocurrencies.
- Garantex's Response: Garantex has suspended operations and plans to reimburse users, signaling compliance amidst legal challenges.
