Authorities in India have arrested a cryptocurrency exchange administrator wanted by the US for allegedly helping cybercriminals launder money and violate sanctions. Aleksej Besciokov, a Lithuanian citizen and Russian resident, was arrested in the southern state of Kerala on Tuesday, India's top investigative agency said.

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.

India arrests Russia-linked crypto exchange admin wanted by US - Crypto kingpin Aleksej Besciokov arrested from Varkala in south India

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.

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

Indian authorities arrested at Washington's request a cryptocurrency exchange administrator accused of money laundering conspiracy and violating sanctions, India's top crime fighting bureau said on Wednesday (March 12).

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,