A suspected state‑linked $13m hack has shuttered sanctioned Russian crypto exchange Grinex, cutting a major ruble‑to‑crypto sanctions‑evasion channel.
Summary
- Russian-linked crypto exchange Grinex shuts down after losing over $13m in a suspected state-level cyberattack
- Platform, already sanctioned by the U.S., U.K. and EU, was a key ruble off‑ramp helping Russian businesses dodge sanctions
- Experts say the loss of Grinex will “seriously damage” Russia’s shadow economy and its ability to move money offshore
A major Russian cryptocurrency exchange used to funnel money around Western sanctions has shut down after a suspected large‑scale cyberattack…
