The Indian Intelligence authorities arrested a Russian resident accused of involvement with Garantex, a cryptocurrency exchange. The exchange is said to help criminal entities such as terrorists and drug traffickers launder their money.

Police in the Indian state of Kerala arrested a Lithuanian national who is wanted in the US for running Garantex, a sanctioned crypto exchange.

Police in India have arrested a cryptocurrency exchange administrator wanted in the US for alleged money laundering and sanctions violations, the country's top investigative agency said.

Besciokov is charged with money laundering conspiracy, conspiracy to violate sanctions and conspiracy to operate an unlicensed money transmitting business.

Indian authorities have arrested a Lithuanian man wanted by the US for allegedly running a $96 billion cryptocurrency exchange that allowed terrorist organizations, drug traffickers and cybercriminals to launder money.

Garantex co-founder Aleksej Besciokov was arrested in India's Kerala on Tuesday, U.S. and Indian officials tell TechCrunch.

Interpol red corner notice led to the arrest of Lithuanian national Aleksej Besciokov at Varkala, Kerala, for financial fraud in the US. Besciokov, a co-founder of the cryptocurrency exchange Garantex,