Garantex Co-Founder Arrested in India
The arrest of the Lithuanian National comes after the Garantex exchange was shut down by American authorities last week.
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.
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