Garantex Operator Aleksej Besciokov Arrested in India: Report
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Garantex Operator Aleksej Besciokov Arrested in India: Report
Publish date
12:00am, Wednesday, March 12, 2025
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Co-founder of Garantex, Aleksej Besciokov arrested in India
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In addition to allegedly facilitating money laundering for criminals, including North Korea’s in-house hacking squad the Lazarus Group, which was behind the massive $1.5 billion Bybit heist last month, Garantex reportedly played a large role in sanctions evasion. Upscale sanctions evasion services like the TGR Group, which cater to Russian oligarchs, have been connected to the exchange.
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The exchange was sanctioned by the U.S. Treasury’s Office of Foreign Asset Control (OFAC) in 2022, for knowingly facilitating money laundering for ransomware actors, including Conti and Black Basta, and darknet markets like Hydra, the largest such market in the world before its closure in 2022.
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