Russian Crypto Exchange Grinex Halts All Services After $13 Million Hack

Source
JH Kim

Summary

  • Russian crypto exchange Grinex has suspended all services after a hack worth about $13 million.
  • The stolen assets were converted into Tron (TRX) and moved to a single wallet that reportedly holds about 45.9 million TRX.
  • The incident is renewing concerns about exchange security risks and sanctions-evasion structures.

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Russian cryptocurrency exchange Grinex has suspended all services after a hack that reportedly stole about $13 million in assets.

Crypto news outlet BeInCrypto reported on April 16 that Grinex said about 1 billion rubles of assets had been stolen.

The exchange described the incident as a targeted attack involving foreign intelligence agencies. Following the breach, it halted all services, including deposits and withdrawals.

The stolen assets were converted into Tron (TRX) through multiple transactions and moved to a single wallet. That wallet reportedly holds about 45.9 million TRX.

Grinex emerged after sanctioned exchange Garantex was shut down and has been suspected of being a rebranded platform using the same infrastructure.

The incident is renewing market concerns about exchange security risks and structures used to evade sanctions.

Photo: Shutterstock
Photo: Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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