$13.74M Hack Shuts Down Sanctioned Grinex Exchange After Intelligence Claims

Grinex, a sanctioned cryptocurrency exchange, suspended operations after a $13.74 million hack allegedly orchestrated by Western intelligence agencies.

• •Grinex is a rebranded version of Garantex, previously sanctioned by the U.S. Treasury for money laundering linked to ransomware operations.
• •The hack on April 15, 2026 resulted in the theft of over 1 billion rubles in user funds.
• •Stolen USDT stablecoins were immediately converted to non-freezable tokens (TRX or ETH) to evade asset freezing.
• •About 70 addresses were identified as connected to the incident, including related exchanges like TokenSpot.

This summary was automatically generated by AI based on the original article and may not be fully accurate.