Key Takeaways:
Grinex halts operations after a state-level hack drains over 1 billion rubles in USDT from user wallets. The 2025 takeover of Garantex solidified Grinex as a primary target for ongoing U.S. sanctions. Law enforcement is reviewing logs from 54 wallets as Grinex seeks to recover 13.74 million USDT in stolen TRX. Allegations of State-Sponsored InterferenceAccording to preliminary forensic data provided by the exchange, the attackers’ digital footprint indicates a level of coordination typically reserved for state-level actors. A spokesperson for the exchange said the attack was a deliberate attempt to destabilize the domestic financial sector and harm Russia’s financial sovereignty.
The exchange has filed a formal criminal complaint and handed over technical logs and digital evidence to law enforcement. There is no projected date for the resumption of services or a formal plan for user reimbursement. While the exchange remains offline, it maintains that these “hostile actions” are part of a broader geopolitical effort to restrict digital asset transfers within the Commonwealth of Independent States.
