Grinex Exchange Claims $13M Hack Linked to Foreign Agencies
- Russian exchange Grinex reported a hack resulting in losses exceeding $13 million, equivalent to over 1 billion rubles.
- The attack was allegedly orchestrated by “Western special services” aiming to destabilize Russia’s financial sector.
- Grinex has connections to Garantex, a Russian exchange previously seized by the U.S. Secret Service for links with sanctioned entities.
- Approximately $15 million in USDT was moved from Grinex and converted to Ethereum or TRX on respective blockchains.
Grinex, known for trading the ruble-backed stablecoin A7A5, halted all activities following the cyberattack and passed information to law enforcement for further investigation. The firm claims the attack is part of ongoing efforts to undermine its operations due to its ties with sanctioned entities.
This incident highlights vulnerabilities within cryptocurrency exchanges connected to geopolitical tensions, as significant funds were swiftly moved and converted on blockchain networks. (Source)
