Lithuanian National Arrested in India as U.S. Sanctions Crypto Network

The arrest came as the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) re-designated cryptocurrency exchange Garantex Europe OU.

Aleksej Besciokov. / Source: US Secret Service

A Lithuanian national has been arrested in India after U.S. authorities unsealed an indictment accusing him of helping run a cryptocurrency exchange that allegedly laundered billions in criminal proceeds, the Department of Justice said on Aug.14.

The arrest came as the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) re-designated cryptocurrency exchange Garantex Europe OU and sanctioned its successor, Grinex, along with three executives and six associated companies in Russia and Kyrgyzstan.

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