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Updated 17 April 2026 at 10:36CoinCex editorial review

Grinex, a Russia-Linked Exchange, Suspends Operations Following a $13 Million State-Supported Hack

#Finance Hack News

Grinex, previously operating under the name Garantex and now based in Kyrgyzstan, has faced sanctions from the U.S., U.K., and EU for facilitating sanctions evasion. The exchange recently halted operations after a $13 million breach 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.
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Grinex, a Russia-Linked Exchange, Suspends Operations Following a $13 Million State-Supported Hack