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Cryptocurrency exchange Grinex has pledged compensation to clients affected by the hack., 2026/05/01 13:45:21
The largest Russian-speaking cryptocurrency exchange, Grinex, has announced its decision to reimburse clients for assets lost due to an attack by unidentified hackers two weeks ago. The exchange estimated the losses at 1 billion rubles.
Initially, affected clients will be able to withdraw the ruble stablecoin A7A5, as promised by the platform.
Currently, the assets withdrawn from the platform remain in the hackers’ wallet and are not available for recovery, representatives of Grinex informed Bits.media. According to them, international AML services have flagged the funds in the attackers’ wallet as “stolen assets.” The Russian police have opened a case based on Grinex’s report.
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In a conversation with Bits.media, the cryptocurrency exchange described the attack as “long-lasting, complex in nature, and executed with a high level of technical sophistication.”
As a result of the attack, the unknown perpetrators withdrew USDT stablecoins from Grinex, stealing approximately $14 million from 54 addresses (48 on the Tron network and five on Ethereum) and transferring them to two wallets on Tron, as reported by specialists from the AML analytics platform “CoinKit.” The withdrawn assets were converted to TRX through the DeFi protocol SUN.io and ultimately consolidated into a single address TH9kgjfrKeTNeyXtDKvxCXZ1dVKr7neKVa.
Immediately following the breach on April 16, Grinex accused “Western intelligence agencies” of a “targeted attack.” Analysts from the AML platform BitOK stated that the attack on the exchange showed no signs of being an operation by any intelligence agencies and resembled more of a typical theft by criminals.
Grinex was registered in Kyrgyzstan in March 2025 and positioned itself as the successor to the exchange Garantex, which was sanctioned and effectively dismantled due to interference from U.S. authorities. Grinex is currently under sanctions from the U.S. and the European Union, being recognized as the largest platform for transactions involving the ruble stablecoin A7A5.
