Russian exchange Grinex suspends operations after $15 million attack

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Deep Tide TechFlow message, April 17, according to The Block, the Russia-related cryptocurrency exchange Grinex has suspended withdrawals and trading after suffering an approximately $15 million hacking attack on Thursday.

Blockchain analytics firm Elliptic said the stolen funds were in USDT, which were then transferred via the Tron and Ethereum networks and exchanged for TRX and ETH to reduce the risk of being frozen by Tether.

Grinex said its wallet infrastructure was hit by a “large-scale network attack,” with the amount stolen exceeding 1 billion rubles, about $13.1 million. The report said Grinex is widely viewed as one of the successor platforms to the sanctioned exchange Garantex, which was targeted by U.S. authorities last year for helping facilitate the flow of hundreds of millions of dollars in illegal funds.

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