Sanctioned Grinex Exchange Suspends Operations After Theft
Grinex suspended operations on Thursday after a cyber attack led to a $13 million loss. The sanctioned exchange blamed foreign intelligence for the breach.
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The sanctioned cryptocurrency exchange Grinex has officially suspended its operations following a major cyber attack that resulted in the theft of assets valued at 1 billion roubles, or approximately $13.10 million. While the platform is headquartered in Kyrgyzstan, it maintains significant ties to Russia and was placed under sanctions by the United States, the United Kingdom, and the European Union last year.
