Russian-Linked Exchange Grinex Halts Operations After Suffering $17 Million Hack, Alleges 'Hostile Nation' Involvement

Stolen Assets Converted to TRX, Under Investigation by Authorities

On the 16th, cryptocurrency exchange Grinex announced an immediate suspension of operations via its official Telegram channel, citing a 'major cyber attack'. According to the exchange, over 1 billion rubles (approximately $17 million) in user assets were directly stolen from cryptocurrency wallets.

While registered in Kyrgyzstan, Grinex has close ties with the Russian digital asset market and...