On March 13, 2025, Indian authorities arrested Aleksej Bešciokov, co-founder of the sanctioned crypto exchange Garantex, for allegedly operating it.
JinseFinanceAleksej Besciokov, Garantex's lead technical administrator, was arrested in India while vacationing in Kerala. Allegedly tied to illicit finance, he now faces US extradition pending legal proceedings.
CatherineThis article will focus on Garantex’s history of sanctions, the platform’s fund management strategy, and countermeasures to stablecoin freezes, and explore how to avoid on-chain compliance risks and ensure fund security.
JinseFinanceUS and UK authorities are jointly investigating $20+ billion worth of crypto transfers routed through Russian exchange Garantex, raising questions about the scale and nature of these financial activities.
KikyoA $20 billion USDT transaction through Russia's Garantex exchange has sparked international investigations, possibly breaching sanctions, with US and UK governments scrutinizing the involvement of shadow banking and geopolitical motives.
Alex通过俄罗斯 Garantex 交易所进行的 200 亿美元 USDT 交易引发了国际调查，可能违反制裁，美国和英国政府正在审查影子银行的参与和地缘政治动机。
AlexThe attackers are believed to be the infamous North Korean hacker group Lazarus, as per blockchain security firm Elliptic.
CoindeskBefore moving the stolen funds to Garantex, the hackers used the on-chain trading platform 1inch to exchange the assets for USDT.
cryptopotatoThe sanctions are part of an international effort to "(block) the expansion of malicious cybercrime services, dangerous drugs and other illicit products".
CointelegraphThe sanctions were part of an international effort aimed at “[disrupting the] proliferation of malicious cybercrime services, dangerous drugs and other illegal offerings.”
Cointelegraph