grinex

Grinex, a sanctioned Russia‑linked crypto exchange, announced Thursday it had been targeted in a large-scale cyberattack that led to the theft of more than one billion rubles (approximately $13.7 million) from user accounts. The company claimed the incident may have been linked to foreign intelligence agencies.

In an official statement, the exchange stated that technical evidence points to an unusually high level of sophistication, suggesting access to capabilities typically limited to state-backed entities. Early assessments indicate the attack was organized to inflict direct damage on Russia’s financial system.

Grinex has faced ongoing challenges since its inception, including sanctions, targeted wallet monitoring, and blocked transactions aimed at limiting crypto transfers beyond the CIS, according to the exchange.

The breach is described as a new phase of destabilization involving coordinated cyber theft targeting Russian users.

As a result, Grinex has suspended its services and provided all collected information to law enforcement. Relevant authorities have been alerted and a criminal investigation is now underway.
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The U.S. government has imposed sanctions against the Russian cryptocurrency exchange Grinex, which is linked to money laundering and circumventing previous sanctions. The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has added Grinex to the sanctions list, calling it the successor to Garantex – a platform already under restrictions since 2022. Sanctions also affected associated companies, including payment services Exved and InDeFi, as well as individuals such as Sergey Mendeleev, co-founder of Garantex.