📢⚠️ Grinex crypto exchange collapses after $13.7M breach, blames Western spies as researchers flag possible exit scam.
Read: https://hackread.com/grinex-crypto-exchange-shuts-down-west-agency-breach/
📢⚠️ Grinex crypto exchange collapses after $13.7M breach, blames Western spies as researchers flag possible exit scam.
Read: https://hackread.com/grinex-crypto-exchange-shuts-down-west-agency-breach/
#Russia -friendly exchange says "western special service" behind $15 million #cyberattack
Grinex, a US-sanctioned #cryptocurrency exchange registered in #Kyrgyzstan , said it’s halting operations after experiencing a $13 million heist carried out by “western special services” #hackers
Researchers from #TRM , which has confirmed the theft, put the value of stolen assets at $15 million after discovering roughly 70 drained addresses, about 16 more than #Grinex reported
the kyrgyz (pronounced "Russian") #crypto exchange #Grinex (a successor to #Garantex, the exchange beloved by #ransomware gangs all over the world) was "hacked" and ~$15 million worth of user's crypto was "stolen"¹. they're blaming the CIA or MI6 or whatever.
(also happens to be the exchange on which the #Rusian #ruble backed #stablecoin #A7A5 was launched last year)
¹ it might have actually been hacked but this is crypto so you should always assume it's an #exitscam until proven otherwise.
#Kyrgyzstan #Russia #Putin #ukraineWar #ukraine #VladimirPutin #Kazakhstan #stablecoins #OFAC #cybersecurity #Infosec
The U.S. has renewed sanctions on Russian #crypto exchange #Garantex for processing over $100M in illicit transactions since 2019, tied to ransomware and cybercrime.
Sanctions were also imposed on its successor, #Grinex, as well as three Garantex executives and six affiliated companies in Russia and Kyrgyzstan.
US sanctions on crypto exchange Grinex are sending shockwaves through the market. Could stricter compliance and tech-driven oversight be the future of digital assets? Dive in to see how this crackdown might reshape crypto.
#cryptocurrency
#usasanctions
#grinex
#regulatorycompliance
#cryptomarket