Authorities in India have arrested Aleksej Besciokov, a foreign national linked to a massive cryptocurrency exchange accused of enabling criminal activities worldwide. The arrest took place in Kerala,

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.

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

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.

WASHINGTON, DC – A high-profile international fugitive is now in Indian custody as authorities arrested Lithuanian national Aleksej Besciokov, wanted by the United States for allegedly facilitating large-scale money laundering through a cryptocurrency exchange tied to cybercriminals, drug traffickers, and terrorist networks.

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

A Russian-linked crypto kingpin on the US wanted list has been arrested in India while on a family holiday, authorities 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.