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Grinex crypto exchange shuts down, blames Western agencies for $13.7M breach

ID: dc507d94-7464-5f13-907e-4808695affd7

STIX ID: report--dc507d94-7464-5f13-907e-4808695affd7

Feed Name: HackRead

Threat Score
70/100

Date Published: 2026-04-21

Date Updated: 2026-04-22

Author: Deeba Ahmed

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Grinex, a Kyrgyzstan-based crypto exchange under international sanctions, suspended operations after reporting the theft of ~1 billion rubles (~$13.7M); Chainalysis analysis indicates the funds were quickly converted to TRX and moved to a single wallet (TH9kgjfrKeTNeyXtDKvxCXZ1dVKr7neKVa), raising the possibility of an exit scam or insider theft rather than a state-sponsored operation.

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