Russian-affiliated exchange Grinex suspended operations after suffering a $15 million hack, attributing the attack to "hostile states."

CoinFeed reported on April 17th that Grinex, an exchange registered in Kyrgyzstan with ties to the Russian cryptocurrency market, suspended withdrawals and trading after suffering a massive cyberattack. The exchange stated on its website that over 1 billion rubles (approximately $13.1 million) were stolen, and that the attack was a "coordinated action aimed at undermining Russia's financial sovereignty," requiring resources and technology exclusive to "hostile states" to carry out. Blockchain analytics firm Elliptic indicated that the suspected attackers stole approximately $15 million worth of USDT from Grinex-related wallets, subsequently routing it through the Tron and Ethereum networks and exchanging it for TRX and ETH, possibly to mitigate the risk of being frozen by Tether.