Grinex Exchange Loses Over $13 Million in Alleged Foreign Spy Attack
Grinex, a Russian crypto exchange, was hacked in a sophisticated attack allegedly carried out by foreign government entities, resulting in the theft of over $13 million in assets converted to TRX cryptocurrency. The exchange has suspended all operations and is cooperating with law enforcement to investigate and recover the stolen funds. Despite the severe incident, Grinex remains operational and committed to fighting back against the attack.
The Russian crypto industry has suffered a serious incident. Grinex, a crypto exchange that facilitates payments for businesses and individuals, announced a major hack. According to the company’s official data , the amount of stolen funds exceeded 1 billion rubles, translating to over $13 million. Details of the incident In an official statement, the platform’s representatives described the incident as a targeted attack by foreign agencies. The company emphasizes that the nature of the hack and the resources involved indicate the involvement of foreign government entities seeking to attack the Russian financial system. According to monitoring data, the stolen assets were converted into TRX cryptocurrency through exchange services and transferred to a single address. This wallet currently holds approximately 45.9 million TRX, equivalent to approximately $15 million. Due to a cyberattack, Grinex’s operations have been completely suspended. A notice about maintenance has been posted on the website, and account transactions and withdrawals are unavailable. Restrictions have also been placed on physical presence: the company’s Moscow City office has suspended permit issuance. Screenshot from the Greenex website Grinex representatives confirmed that they had previously encountered pressure, including inclusion on sanctions lists, special wallet labeling, and blocking of transactions outside the CIS. However, the company believes the current incident has escalated into outright asset theft. Next steps The exchange’s management has already contacted law enforcement agencies to initiate criminal proceedings. All available information regarding the technical details of the attack has been transferred to the investigation. Currently, the primary focus remains the legal assessment of the situation and monitoring the movement of the stolen assets. “We’re fighting back, an active investigation is underway, and we have no plans to shut down,” Grinex representatives said in resp...
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