Garantex Crypto Exchange Seized, Two Charged in Laundering Scheme

International law enforcement disrupts Garantex, a multi-billion-dollar cryptocurrency exchange used for money laundering. Two individuals, Aleksej Besciokov and Aleksandr Mira Serda, face charges. Learn about the operation and its impact.

A cryptocurrency exchange, Garantex, suspected of facilitating significant financial crimes, has been dismantled by law enforcement agencies from the United States, Germany, and Finland through a collaborative effort.

The operation aimed to disrupt the exchange’s infrastructure and financial activities, which is believed to be involved in money laundering activities for transnational criminal groups and violations of international sanctions.

The operation has led to the unsealing of an indictment (accessible here )  in the Eastern District of Virginia and filing of criminal charges against two individuals – “Aleksej Besciokov, 46, a Lithuanian national and Russian resident, and Aleksandr Mira Serda (previously Aleksandr Ntifo-Siaw), 40, a Russian national and United Arab Emirates resident,” suspected of holding key positions in the exchange’s operations ...