Russia-linked Grinex exchange suspends operations after $15 million hack
According to Grinex’s Telegram statement, the exchange halted operations after a suspected state-level cyberattack drained more than 1 billion rubles from 54 wallets and converted the funds into TRX.
TRX
Fact Check
The claim is well supported on its core points by multiple fetched reports. The Bitget News page states that Grinex halted trading after hackers stole more than 1 billion rubles from its wallets, that the exchange filed a criminal complaint and worked with law enforcement, and that the stolen funds were converted into assets including TRX. CoinPost independently reports that Grinex said on Telegram it was immediately suspending operations after a large cyberattack, with over 1 billion rubles in user assets stolen, and that the assets were swapped into TRX while authorities investigated. PANews also aligns on the operational suspension, the roughly $15 million scale, and conversion into TRX. The main limitation is that I could not directly fetch Grinex’s Telegram statement or the original The Block page in this run, so attribution to the Telegram statement is indirectly verified rather than directly confirmed from primary-source text.
- Reference: 1
Summary
Grinex, a Kyrgyzstan-registered exchange linked to Russia’s crypto market, said in a Telegram statement that it suspended operations after a suspected state-level cyberattack drained more than 1 billion Russian rubles from 54 wallets. The exchange said the loss was roughly 1 billion rubles, or about $13.7 million, while earlier reporting cited blockchain analytics firm Elliptic as estimating the theft at up to $15 million. Grinex said the stolen assets were converted into TRX, and authorities are investigating the incident.
Terms & Concepts
- TRX: The native cryptocurrency of the Tron blockchain, used for transfers, network fees, and other on-chain activity.