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

Russia is turning to bitcoin and crypto to facilitate oil trades with China and India, circumventing sanctions imposed on Ukraine.

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.