<ul><li>Indian authorities have arrested the founder of Russian cryptocurrency exchange Garantex, Aleksej Besciokov, in the South Indian state of Kerala.</li><li>Besciokov has been arrested for facilitating money laundering by transnational criminal organizations, including terrorist organizations, and sanctions violations.</li><li>Garantex processed at least $96 billion in cryptocurrency transactions since April 2019 according to the US Secret Service.</li><li>Besciokov has been wanted in the US for trial and was arrested in India at the request of the United States.</li></ul>

India Arrests US DoJ Indicted Russian Crypto Exchange Garantex Administrator

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