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Top News 🤯🤯 Garantex Founder Nabbed in India!
Aleksej Besciokov, co-founder of the sanctioned Russian crypto exchange #GarantexShutdown , was arrested in India on money laundering charges. The U.S. Department of Justice alleges Garantex processed over $96 billion since 2019, facilitating crimes like hacking, ransomware, and drug trafficking.
Despite OFAC sanctions in 2022, the exchange continued operations, reportedly handling more than $60 billion post-sanctions.
This arrest underscores the escalating global crackdown on illicit crypto activities.
#crypto2025 #CryptoNewss #USTariffs #MarketRebound
Aleksej Besciokov, co-founder of the sanctioned Russian crypto exchange #GarantexShutdown , was arrested in India on money laundering charges. The U.S. Department of Justice alleges Garantex processed over $96 billion since 2019, facilitating crimes like hacking, ransomware, and drug trafficking.
Despite OFAC sanctions in 2022, the exchange continued operations, reportedly handling more than $60 billion post-sanctions.
This arrest underscores the escalating global crackdown on illicit crypto activities.
#crypto2025 #CryptoNewss #USTariffs #MarketRebound
Regulators Strike Hard: Garantex Taken Down in Major Anti-Money Laundering Operation
$MOVE
In a decisive crackdown on illicit financial activity, US and European authorities have dismantled Garantex, a Russia-linked cryptocurrency exchange accused of facilitating billions in money laundering. This coordinated international effort involved law enforcement from the US, Germany, and Finland, resulting in the seizure of Garantex’s domains, the freezing of $26 million in illicit funds, and the shutdown of its servers. Additionally, two key figures behind the exchange, Aleksej Besciokov and Aleksandr Mira Serda, now face criminal indictments for their role in operating the platform.
Since its launch in 2019, Garantex allegedly processed a staggering $96 billion in transactions, serving as a financial hub for ransomware groups, darknet markets, and sanctioned entities. Authorities took swift action, with the US Secret Service replacing Garantex’s website with a law enforcement seizure notice. Meanwhile, Tether, the leading stablecoin issuer, froze $28 million linked to the exchange, further cutting off its operations.
This takedown signals a major shift in the global regulatory landscape, reinforcing the message that unregulated crypto platforms will no longer be safe havens for illicit finance. With authorities intensifying their oversight, exchanges may now face growing pressure to comply with strict regulations—or risk being driven out of business. As the crackdown gains momentum, the question remains: Will this force more platforms into compliance, or push bad actors further into the shadows? One thing is certain—the era of unchecked financial crime in the crypto space is rapidly coming to an end.
#CryptoRegulation #CryptoEnforcement #GarantexShutdown #MoneyLaundering
$MOVE
In a decisive crackdown on illicit financial activity, US and European authorities have dismantled Garantex, a Russia-linked cryptocurrency exchange accused of facilitating billions in money laundering. This coordinated international effort involved law enforcement from the US, Germany, and Finland, resulting in the seizure of Garantex’s domains, the freezing of $26 million in illicit funds, and the shutdown of its servers. Additionally, two key figures behind the exchange, Aleksej Besciokov and Aleksandr Mira Serda, now face criminal indictments for their role in operating the platform.
Since its launch in 2019, Garantex allegedly processed a staggering $96 billion in transactions, serving as a financial hub for ransomware groups, darknet markets, and sanctioned entities. Authorities took swift action, with the US Secret Service replacing Garantex’s website with a law enforcement seizure notice. Meanwhile, Tether, the leading stablecoin issuer, froze $28 million linked to the exchange, further cutting off its operations.
This takedown signals a major shift in the global regulatory landscape, reinforcing the message that unregulated crypto platforms will no longer be safe havens for illicit finance. With authorities intensifying their oversight, exchanges may now face growing pressure to comply with strict regulations—or risk being driven out of business. As the crackdown gains momentum, the question remains: Will this force more platforms into compliance, or push bad actors further into the shadows? One thing is certain—the era of unchecked financial crime in the crypto space is rapidly coming to an end.
#CryptoRegulation #CryptoEnforcement #GarantexShutdown #MoneyLaundering
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