Russia-linked Grinex exchange halts operations after $13 million ‘state-backed’ hack

Russia-linked Grinex exchange halts operations after $13 million ‘state-backed’ hack

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailRussia-linked Grinex exchange halts operations after $13 million ‘state-backed’ hackThe exchange, formerly known as Garantex and based in Kyrgyzstan, has been sanctioned by the U.S., U.K. and EU for helping users bypass sanctions.By Francisco Rodrigues|Edited by Sheldon Reback Apr 17, 2026, 9:15 a.m. Make preferred on (Boitumelo/Unsplash)What to know: Grinex cryptocurrency exchange suspended operations after a cyber attack drained about 1 billion rubles ($13 million) from its systems, which the platform attributed to state-backed actors.The exchange, formerly known as Garantex and based in Kyrgyzstan, has been sanctioned by the U.S., U.K., and EU for helping users bypass sanctions.Users are unable to access their funds while the company

Source: https://www.coindesk.com/business/2026/04/17/russia-linked-grinex-exchange-halts-operations-after-usd13-million-state-backed-hack