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Garantex administrator arrested in India at request of US authorities
Garantex co-founder Aleksej Besciokov was arrested in India's Kerala on Tuesday under the country's extradition law.
Indian police have arrested the co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the European Union and the U.S. government, under India’s extradition law, TechCrunch has exclusively learned and confirmed with state authorities. Besciokov was indicted along with Russian national Aleksandr Mira Serda, who co-founded Garantex and lives in the United Arab Emirates. On Tuesday, Garantex sent TechCrunch a press release saying that “despite the unprecedented nature of the situation, Garantex is not abandoning its obligations to its users and intends to fully compensate for the blocked user assets at the expense of its existing assets in Russian Federation territory through a procedure similar to the financial institution rehabilitation procedure.”
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