Big news in the world of cryptocurrency! Aleksej Besciokov, one of the founders of a cryptocurrency exchange called Garantex, was arrested in India. Garantex was in trouble because it helped people secretly move money that was illegally gotten. This is like helping hide stolen money!
- Besciokov was arrested in India and might be sent to the US.
- Garantex was accused of helping with money laundering and breaking rules.
- The US government thinks Besciokov helped hide billions of dollars.
- Garantex handled over $60 billion in transactions before it closed.
| Fact | Number |
|---|---|
| Money laundered (estimated) | Over $60 billion |
| Possible jail time for Besciokov | Up to 20 years |
| Frozen Tether (USDT) | Nearly 2.5 Billion |
