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Russia-linked Grinex exchange halts operations after $13 million ‘state-backed’ hack

· CoinDesk

Russia-linked Grinex exchange halts operations after $13 million ‘state-backed’ hack

Russia-linked Grinex exchange, formerly Garantex in Kyrgyzstan, halted operations after a $13 million hack linked to a state-backed group. The exchange has been sanctioned by the U.S., U.K., and EU for helping users bypass sanctions. The incident highlights ongoing security risks in crypto exchanges connected to geopolitical tensions.

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