The Kyiv Independent on MSN: Sanctioned Russian-linked crypto exchange shuts down after $13 million cyberattack On April 16, Grinex—a crypto exchange registered in Kyrgyzstan but deeply connected to Russian financial networks—suspendedoperations. Sanctioned crypto exchange Grinex said it has suspended trading after losing more than 1 billion Russian rubles ($13.7 million) to an attack bearing signs of involvement by foreign intelligence ... Russia-linked sanctioned crypto exchange Grinex said on Thursday it had suspended operations after assets worth 1 billion roubles ($13.10 million) were stolen during a ...

Understanding the Context

Grinex, a sanctioned cryptocurrency exchange with ties to Russia, said it has suspended operations after a cyberattack resulted in the theft of more than 1 billion rubles (13.1 million dollars). Dagens.com on MSN: Russian crypto-exchange loses $13M in hack, suspects hostile states The platform is sanctioned and suspected of being used by Russians to get around sanctions. Grinex halts trading after a $13M crypto hack as investigators trace funds and examine links to sanctions evasion networks. A sanctioned cryptocurrency exchange with ties to Russia said April 16 it has shut down operations after a cyberattack resulted in the theft of more than 1 billion rubles (13.1 million dollars) in ...

Key Insights

Crowdfund Insider: Sanctioned Crypto Platform Grinex Hit by $15 Million Cyber Theft, with Ties to Kyrgyz Exchange Tokenspot Sanctioned Crypto Platform Grinex Hit by $15 Million Cyber Theft, with Ties to Kyrgyz Exchange Tokenspot Update (Feb. 26, 5:30 am UTC): This article has been updated with a response from Exmo.me and Exmo.com Five crypto exchanges are allegedly helping Russians skirt international sanctions, filling a ... MOSCOW, April 16 (Reuters) - Russia-linked sanctioned crypto exchange Grinex said on Thursday it had suspended operations after assets worth 1 billion roubles ($13.10 million) were stolen during a ... A cryptocurrency exchange linked to Russia said it had suspended operations after a cyberattack resulted in the loss of more than 1 billion rubles ($13 million) belonging to Russian users. Grinex said ...

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