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Grinex Exchange Hacked for $13.7M

Grinex Suspends Operations After $13.74 Million Hack

  • Grinex, a crypto-ruble exchange, was hacked, losing over $13.74 million in USDT.
  • The breach drained more than 1 billion rubles from user wallets and converted funds into TRX.
  • Law enforcement is analyzing logs from over fifty-four wallets to recover the stolen assets.
  • Grinex alleges foreign state-level actors are responsible for the attack, citing sophisticated coordination.
  • The exchange remains under U.S. sanctions following its acquisition of Garantex in a previous year.

Grinex has halted operations after a cyberattack led to the theft of digital assets worth approximately $13.74 million in stablecoin USDT, impacting Russian businesses and investors significantly.

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