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Garantex co-founder arrested while on holiday in India, report

Indian police arrested Aleksej Besciokov one week after the US accused him of using Garantex to evade sanctions.

Garantex says ‘USDT in Russian wallets under threat’ as Tether freezes $27M

Garantex was sanctioned by the EU in February as it stepped up its efforts to bring an end to “Russia’s war of aggression against Ukraine.”

US and UK authorities are investigating a potential breach of wartime sanctions against Russia involving Garantex and tether transfers.

The report linked Garantex to multiple terrorist operations, Russian debt gangs, and the organization that replaced Russia’s KGB.

Exved, a new Russian firm working on cross-border USDT flows, is working with executives of previously sanctioned firms like Garantex.