$13.74M Hack Shuts Down Sanctioned Grinex Exchange After Intelligence Claims

Grinex, a Kyrgyzstan-incorporated cryptocurrency exchange sanctioned by the U.K. and the U.S. last year, said it's suspending operations after it blamed Western intelligence agencies for a $13.74 million hack. The exchange said it fell victim to what it described as a large-scale cyber attack tha...

U.S. Sanctions Garantex and Grinex Over $100M in Ransomware-Linked Illicit Crypto Transactions

The U.S. Department of the Treasury's Office of Foreign Assets Control OFAC on Thursday renewed sanctions against Russian cryptocurrency exchange platform Garantex for facilitating ransomware actors and other cybercriminals by processing more than $100 million in transactions linked to illicit...