Unit, double, hundred, thousand, ten thousand, lakhs, ten lakhs, crores, ten crore, billion, ten billion, ten trillion … This formula of zero counting in front of any number was taught in schools in childhood. But today it was needed when an accused was arrested in the case of Crypto Fraud from Kerala. In fact, the accused of Crypto Fraud who was arrested is a case of crypto fraud of Rs 83,00,00,00,000.
Accused hails from Lithuania
The arrested accused has been identified as Aleksej Besciokov. Alexage is a resident of Lithuania. He escaped from America after being named in the case of fraud. Who has now been arrested from Kerala.
Fraud through guarantex
Alexage BasioCov is alleged to have established a Cryptocurrency Exchange ‘Garantex’ to loot the income of criminal activities such as ransomware, computer hacking and narcotics transactions. BasioCov was arrested when he was planning to escape from the country.
96 billion dollar money laundering
According to the documents of the US Secret Service, BasioCov operated the guarantex for about six years. Which launched at least $ 96 billion in the cryptocurrency transaction by several international criminal organizations including terrorist organizations.
Uses in terrorism and drug trafficking also
According to information received from the US Civil Service, “Garantax received crores of dollars in criminal income and was used to facilitate various crimes including hacking, ransomware, terrorism and drug trafficking, which often has considerable impact on American victims.”
Officials said BasioCov was the primary technical administrator of Garnthex and was responsible for reviewing and approving transactions as well as maintaining the important infrastructure of the platform.
Banned in America in America in 2022
He was wanted by the US in several allegations, including a conspiracy to launder the title 18 of the US Code, a conspiracy to violate the US International Emergency Economic Powers Act and a conspiracy to run a money services business without a license. In April 2022, the US banned him.
CBI and Kerala Police arrested in joint operation
Earlier this week, the Ministry of External Affairs received a unique arrest warrant at the request of US officials. After this, Basiokov was arrested from Thiruvananthapuram in Kerala with the joint effort of the Central Bureau of Investigation (CBI) and Kerala Police.
