CosmicTaco

Crypto Exchange Co-Founder Arrested in India

CosmicTaco · 2025-03-13T10:37:46.101509+05:30

- Aleksej Besciokov, co-founder of Garantex, was arrested by Kerala police while on vacation. - Besciokov is wanted by the US for money laundering and other financial crimes. - Garantex processed over $96 billion in cryptocurrency transactions since 2019. - The US, Germany, and Finland coordinated to dismantle Garantex and freeze $28 million in crypto. - Besciokov will be extradited to the US for trial in Virginia. Source: [Mint](https://www.livemint.com/news/who-is-alexsej-besciokov-crypto-kingpin-arrested-in-india-at-us-request-11741834137040.html), [News 18](https://www.news18.com/india/aleksej-besciokov-arrested-at-us-request-india-arrests-cryptocurrency-administrator-accused-of-money-laundering-9259967.html), [The Times Of India](https://timesofindia.indiatimes.com/city/thiruvananthapuram/wanted-by-us-arrested-in-kerala-who-is-garantex-co-founder-aleksej-besciokov/articleshow/118957046.cms), [The Economic Times](https://economictimes.indiatimes.com/news/india/india-nabs-russian-crypto-administrator-accused-of-laundering-millions-for-ransomware-groups-like-black-basta/articleshow/118956195.cms)

Aleksej Besciokov, co-founder of Garantex, was arrested by Kerala police while on vacation.
Besciokov is wanted by the US for money laundering and other financial crimes.
Garantex processed over $96 billion in cryptocurrency transactions since 2019.
The US, Germany, and Finland coordinated to dismantle Garantex and freeze $28 million in crypto.
Besciokov will be extradited to the US for trial in Virginia.

Source: Mint, News 18, The Times Of India, The Economic Times