todayonchain.com

Grinex Exchange Loses Over $13 Million in Alleged Foreign Spy Attack

BeInCrypto
Russian crypto exchange Grinex has suspended operations after reporting a $13 million hack allegedly orchestrated by foreign government agencies.

Summary

The crypto exchange Grinex, which operates in Russia, has reported a major security breach resulting in the theft of over $13 million in assets. The company characterizes the hack as a targeted operation by foreign intelligence agencies aimed at the Russian financial system. In response, Grinex has suspended all platform operations, including withdrawals and account transactions, while initiating a criminal investigation with law enforcement.

Industry analysts, including those from TRM Labs, have suggested that Grinex serves as a successor to the sanctioned Garantex exchange, citing similarities in infrastructure, management teams, and transaction history. Despite these allegations of prior regulatory scrutiny, Grinex maintains that it is cooperating with authorities and intends to continue operations following the investigation.

(Source:BeInCrypto)