Russia-linked Grinex exchange halts operations after $13 million ‘state-backed’ hack
Summary
Grinex, a Kyrgyzstan-based cryptocurrency exchange formerly known as Garantex, has halted operations after suffering a $13 million cyberattack. The platform, which has previously faced sanctions from the U.S., U.K., and EU for facilitating sanctions evasion, claims the attack was highly sophisticated and performed by state-backed actors from unfriendly nations. The breach, which primarily impacted USDT holdings on the TRON blockchain, has left users unable to access their funds while the company investigates the incident.
(Source:CoinDesk)