stable coins
By Evie Vavasseur
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Criminal Investigation Begins. Grinex contacted law enforcement to start criminal proceedings.
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Garantex Connection Raises Questions. People are asking hard questions about Grinex's ties to Garantex.
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Grinex went dark after losing more than $13 million in a cyberattack the Russian exchange says came from foreign intelligence services. All trading stopped. Withdrawals froze.
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The stolen funds totaled over 1 billion rubles. Attackers converted everything into TRX cryptocurrency and moved it to one address, according to Grinex.
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Grinex contacted law enforcement to start criminal proceedings. The company handed over all technical details about the attack to investigators.
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The company maintains this wasn't some ordinary crypto theft. They're pointing fingers at foreign state agencies, claiming the sophistication and resources involved prove…
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People are asking hard questions about Grinex's ties to Garantex. That platform got sanctioned and closed in March 2025. TRM Labs found something interesting.
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Investigators see the platforms' infrastructures as basically identical. Looks like a simple rebranding rather than a new entity. Same wallet clusters. Same transfer routes.
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The timing seems too convenient. Garantex closes. Grinex opens. Money flows between them. The technical setup matches. It's not complicated math.
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Grinex representatives said the cyberattack made existing pressures worse. They'd already dealt with sanctions and special wallet labeling that hurt operations beyond the CIS…
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International regulators and financial analysts are watching closely now. The exchange's emergence right after Garantex's closure raises obvious questions about who's really…
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Despite everything falling apart, Grinex wants to project resilience. They're working with authorities to pursue legal action and recover stolen funds.
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Crypto exchanges operating under international scrutiny face serious challenges, and Grinex's situation shows how fast things can spiral.
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Technical details of the attack became a focal point for investigators. Grinex shared information about the breach, focusing on how stolen assets got converted into TRX…
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The exchange's response included a detailed examination of the cyberattack's technical aspects. Grinex wants to uncover the full scope of what happened.
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