Sanctioned Crypto Exchange Grinex Pauses Operations After $14 Million Hack
Cointelegraph
Russia-linked crypto exchange Grinex has suspended trading operations following a sophisticated $14 million cyberattack.Summary
The Kyrgyzstan-based cryptocurrency exchange Grinex has halted all trading after losing approximately $13.7 million to a targeted cyberattack. The exchange, which has faced accusations of aiding in Russian sanctions evasion, stated that the attack involved advanced technology suggesting the involvement of state-sponsored entities. Blockchain intelligence firms, including TRM Labs and Elliptic, report that the stolen funds were converted to TRX or ETH to avoid potential freezing by Tether. Investigations are ongoing, with indications that other regional exchanges may have also been targeted by the same perpetrator.
(Source：Cointelegraph)