Today, the sanctioned Russia-linked cryptoasset exchange Grinex announced an immediate suspension of its operations, citing a “large-scale cyberattack.” In a statement published by the exchange, Grinex claims that over 1 billion rubles ($13.1 million) in user funds have been stolen and attributes the breach to the “special services” of “unfriendly states.”

Although registered in Kyrgyzstan, Grinex has strong ties to Russia and is one of the largest exchanges for exchanging Russian rubles for cryptoassets. It has engaged in cryptoasset transactions totaling over $6 billion.

“Direct damage to Russia’s financial sovereignty”

According to the official statement released by Grinex today, the exchange’s infrastructure was compromised in a…