Exchange record
Grinex
Kyrgyzstan-registered, Russia-linked centralized exchange identified by U.S. authorities as a Garantex successor and sanctioned in 2025, then suspended operations in April 2026 after a cyberattack reportedly stole about 1 billion rubles in assets.
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Key facts
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Summary
Kyrgyzstan-registered, Russia-linked centralized exchange identified by U.S. authorities as a Garantex successor and sanctioned in 2025, then suspended operations in April 2026 after a cyberattack reportedly stole about 1 billion rubles in assets.
Timeline
Reuters reported that Grinex had been sanctioned by the United States, United Kingdom, and European Union in 2025, with U.S. authorities linking it to sanctions-evasion infrastructure involving the A7A5 ruble-backed stablecoin.
The U.S. Treasury designated Grinex, stating that Garantex employees created it to continue services, transfer customer deposits, and evade sanctions after law-enforcement disruption.
Grinex said it had suffered a large cyberattack that stole assets worth roughly 1 billion rubles, with outside estimates and blockchain analysis placing the loss around USD 13-15 million.
Reporting described Grinex as suspending operations after the attack, with follow-on coverage describing halted trading and blocked withdrawals during the investigation.
Grinex said it suspended operations after a cyberattack stole assets worth approximately 1 billion rubles, reported at about USD 13.1 million.