CBI, Kerala police arrest Lithuanian national, founder of cryptocurrency exchange Garantex, wanted in US

The CBI and Kerala Police arrested Lithuanian national Aleksej Besciokov, wanted by the US for operating cryptocurrency exchange Garantex to launder criminal proceeds, including ransomware, with a potential $96 billion in transactions. Besciokov faces charges of money laundering, violating sanctions, and operating an unlicensed money-transmitting business in the US, following a provisional arrest warrant issued by the MEA. The US authorities seized assets and froze funds related to Garantex, aiming to prevent further criminal activities tied to the platform.

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