The Kyiv Independent on MSN: Sanctioned Russian-linked crypto exchange shuts down after $13 million cyberattack 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 ... 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, 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).

Understanding the Context

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 ... Crowdfund Insider: Sanctioned Crypto Platform Grinex Hit by $15 Million Cyber Theft, with Ties to Kyrgyz Exchange Tokenspot On April 16, Grinex—a crypto exchange registered in Kyrgyzstan but deeply connected to Russian financial networks—suspendedoperations. Sanctioned Crypto Platform Grinex Hit by $15 Million Cyber Theft, with Ties to Kyrgyz Exchange Tokenspot MOSCOW () - 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 cyber ...

Key Insights

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 ... SANCTIONED definition: authorized, approved, or allowed. See examples of sanctioned used in a sentence. To penalize, as for violating a moral principle or international law: "Half of the public defenders of accused murderers were sanctioned by the Texas bar for legal misbehavior or incompetence" (Garry Wills). Sanctioned: The past tense of "sanction," indicating something has been approved or penalized.

Final Thoughts

Sanctioning: The present participle form, describing an ongoing process of approval or enforcement.