# Garantex Co-Founder Arrested in India

*Author: Bankless*
*Published: Mar 12, 2025*
*Source: https://www.bankless.com/fr/read/garantex-co-founder-arrested-india*

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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](https://krebsonsecurity.com/2025/03/alleged-co-founder-of-garantex-arrested-in-india/).

## **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.