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Russian Crypto Exchange Grinex Halts Trading, Alleging $13M Exploit by ‘Western Special Services’

April 16, 2026
in Web3
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In short

Russian change Grinex says it was hacked for greater than 1 billion rubles or larger than $13 million.
The change alleged the assault was an try to “destabilize” Russia’s monetary sector and was performed by “overseas particular providers.”
Grinex beforehand been linked to Garantex, an change that was seized and eliminated by the U.S. Secret Service for alleged ties to sanctioned Russian entities.

Russian crypto change Grinex mentioned Thursday that it was hacked for greater than 1 billion rubles, or round $13 million in funds.

The agency, which has been linked to the sanctioned and seized change Garantex, alleged the exploit was performed by “Western particular providers,” in accordance with an official assertion made to its Telegram channel that was translated by Google. 

“The main cryptoruble change Grinex, which offers settlements between Russian companies and residents in digital property, was subjected to a large-scale cyberattack with indicators of the involvement of overseas particular providers,” the agency posted. 

“Digital traces and character assaults testify to an unprecedented degree of sources and applied sciences accessible solely to buildings of unfriendly states,” it added, noting that the assault was designed to trigger hurt to Russia’s monetary sovereignty.

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All change exercise has been paused, and the related info has been handed to regulation enforcement because it seeks to open a legal case, Grinex mentioned. 

Grinex, which makes use of the “identical fingerprint” as Garantex—the Russian change that was seized and brought offline by the U.S. Secret Service resulting from alleged ties to sanctioned Russian banks and legal teams— is the primary car for the buying and selling of ruble-backed stablecoin A7A5, in accordance with blockchain agency Elliptic. 

The token, which was “created as a part of a Russian sanctions evasion enterprise,” in accordance with Elliptic, has transferred values of greater than $100 billion. 

“Because the very starting of the work, the infrastructure of exchanges has been below assault,” Grinex mentioned within the change’s official assertion. “We fastened systemic makes an attempt to restrict the withdrawal of cryptocurrencies outdoors the [Commonwealth of Independent States]: The change was entered into sanctions lists, crypto wallets had been purposefully marked, transactions had been blocked.”

“Right this moment, makes an attempt to destabilize the home monetary sector reached a brand new degree—direct theft of property of Russian residents and corporations utilizing advanced cyberattacks,” it added. 

Right now, the perpetrator of the hack stays unclear, however on-chain evaluation from Elliptic factors to round $15 million value of USDT leaving the change. The funds had been then transferred and transformed to ETH or TRX on the Ethereum or Tron blockchains, respectively. 

The U.S. Secret Service, which carried out the seizure of Garantex final March, advised Decrypt when reached that it couldn’t touch upon ongoing investigations.

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Tags: 13MAllegingcryptoexchangeexploitGrinexHaltsRussianservicesSpecialTradingWestern
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