Grinex, the Russia‑linked “crypto‑ruble” exchange born from the carcass of sanctioned laundromat Garantex, has halted operations after reporting a 1 billion ruble ($13–14 million) breach and pointing the finger at Western spy agencies.
Blockchain traces and sanctions records instead paint Grinex as a central node in an industrial‑scale sanctions‑evasion network built to move dirty Russian money out of the reach of regulators – and this “hack” may be the final extraction, not the first attack.