Russian Crypto Exchange Grinex Halts Operations After $13 Million Hack Leaves Tron Market in Turmoil

Russian cryptocurrency exchange Grinex has temporarily halted all services after falling victim to a hack that stole approximately $13 million worth of assets. According to reports, the stolen funds were converted into Tron (TRX) through multiple transactions and transferred to a single wallet containing around 45.9 million TRX.

The incident is raising concerns about exchange security risks and potential sanctions-evasion structures in the market. Grinex has previously been linked to Garantex, a sanctioned exchange that was shut down last year. This connection has led some analysts to suspect that Grinex may be using similar infrastructure.