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Cryptocurrency exchange Grinex reported a cyberattack resulting in the theft of over 1 billion rubles., 2026/04/16 17:27:31
The cryptocurrency exchange Grinex, registered in Kyrgyzstan, reported a cyberattack during which unknown individuals stole user funds exceeding 1 billion rubles. The platform indicated a “unprecedented level of resources and technologies” utilized in the breach.
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According to representatives of the exchange, the attackers converted the stolen funds through exchange services into TRX cryptocurrency and transferred them to a single address. Currently, approximately 45.9 million TRX, valued at around $15 million, is held at that address.
The platform’s operations have been suspended. Grinex has reported the incident to law enforcement authorities, as stated by company representatives. An announcement regarding a “technical break” was posted on the official Telegram channel on the evening of April 15. At present, the functionalities for depositing and withdrawing funds are unavailable, the issuance of passes to the company’s office located in Moscow City has been halted, and a notice about technical work is displayed on the website.
The cryptocurrency platform Grinex was established in the Kyrgyz Republic and commenced operations in March 2025. The platform facilitates trading in rubles and dollars, as well as cryptocurrencies, including stablecoins—USDT and A7A5. Users can fund their accounts with cash, via bank cards, or at partner offices located in 48 cities across Russia.
On August 14, the U.S. Department of the Treasury imposed sanctions on Grinex, adding the platform to the full blocking list of Specially Designated Nationals (SDN). U.S. authorities linked the platform’s activities to operations circumventing sanctions and to the sanctioned Russian-language cryptocurrency exchange Garantex. On October 23, the European Union also enacted restrictions against Grinex. The EU document states that the exchange benefits from the actions of the Russian government due to its association with the A7A5 stablecoin.
The ruble stablecoin A7A5, registered in Kyrgyzstan last February, captured approximately 43% of the global market for stable tokens not pegged to the U.S. dollar in its first year, as previously noted by analysts at Dune.
