🚨 RUSSIAN CRYPTO PLATFORM GRINEX HIT BY $15M+ SECURITY BREACH

Grinex, a Russia-based centralized crypto platform, has halted withdrawals and trading operations after a major cyber incident resulted in losses exceeding $15 million in user assets.

The exchange reported damages of over one billion rubles — roughly $13.1 million — but blockchain tracking paints a broader picture. On-chain analysis suggests the total impact is closer to $15 million in USDT, indicating the disclosed figure may not reflect the full scope of the loss.

The compromised funds were quickly swapped into TRX and ETH, then routed across the Tron and Ethereum networks, likely to avoid potential freezes from stablecoin issuers.

So far, Grinex has not released any detailed technical breakdown of the exploit. Instead, it has pointed to Western-linked adversaries as responsible, without identifying specific entities or offering verifiable proof.

This incident also revives questions about the platform’s background. Grinex is often seen as the continuation of Garantex, a Russian exchange previously sanctioned by the United States over allegations of enabling unauthorized USDT flows into Russia. Garantex ceased operations after coordinated actions by U.S. and European regulators.

The breach stands as one of the most significant security failures involving a Russian crypto platform and arrives at a time when global oversight of sanction-associated digital asset services is becoming increasingly strict.