A Lithuanian national and Russian resident, Aleksej Besciokov, who is one of the operators of the sanctioned Russian cryptocurrency exchange Garantex, was arrested in India. Last week, international law enforcement agencies seized Garantex’s domains and servers and froze nearly $28 million in crypto related to the exchange. The exchange was sanctioned by the U.S. Treasury's Office of Foreign Asset Control (OFAC) for facilitating money laundering for ransomware actors and darknet markets. Garantex was also involved in sanctions evasion and connected to upscale services catering to Russian oligarchs. Besciokov and another operator of Garantex are charged with money laundering conspiracy.



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