Sanctioned Russia-linked Grinex halts operations after large-scale crypto hack
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. #Grinex $BTC $ETH #CZ’sBinanceSquareAMA