Indian authorities have arrested a Lithuanian man wanted by the US for allegedly running a $96 billion cryptocurrency exchange that allowed terrorist organizations, drug traffickers and cybercriminals to launder money.

Authorities in India have arrested a cryptocurrency exchange administrator wanted by the US for allegedly helping cybercriminals launder money and violate sanctions. Aleksej Besciokov, a Lithuanian citizen and Russian resident, was arrested in the southern state of Kerala on Tuesday, India's top investigative agency said.

Russia's oil trade, a $192 billion market, has seen increased use of cryptocurrencies as companies look to evade US sanctions

A Russian-linked crypto kingpin on the US wanted list has been arrested in India while on a family holiday, authorities said.

Authorities in India have arrested Aleksej Besciokov, a foreign national linked to a massive cryptocurrency exchange accused of enabling criminal activities worldwide. The arrest took place in Kerala,

The Indian Intelligence authorities arrested a Russian resident accused of involvement with Garantex, a cryptocurrency exchange. The exchange is said to help criminal entities such as terrorists and drug traffickers launder their money.