Gate News message, April 20 — Russian cryptocurrency exchange Grinex announced it was ceasing operations last Wednesday (April 16), citing a cyberattack that resulted in losses exceeding 1 billion rubles, or approximately $13 million, according to DL News.
Grinex had processed nearly $100 billion in trading volume for the sanctioned stablecoin A7A5 during 2025. The exchange’s shutdown is expected to weaken channels for Russian businesses to convert rubles into usable international currencies and deal a significant blow to the country’s shadow finance system used to circumvent sanctions. Grinex was regarded as the successor to the already-shuttered Garantex and, along with A7A5 issuer Old Vector, faced sanctions from the United States, European Union, and United Kingdom in August 2025.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
US Sanctions Iran-Linked Crypto Wallets; Tether Freezes $344 Million in USDT
Gate News message, April 26 — U.S. Treasury Secretary Scott Bessent announced that the federal government is sanctioning multiple wallets linked to Iran as part of efforts to increase economic pressure on the country. The move follows Tether's decision on Thursday, April 24, to freeze $344 million w
GateNews2h ago
Super Central Bank Week: Fed Rate Decision and Key Economic Data Releases Amid Geopolitical Tensions
Gate News message, April 26 — The week ahead marks a "super central bank week" with the U.S. Federal Reserve set to announce its interest rate decision. Markets have tracked Middle East developments closely, with U.S. stock indices reaching all-time highs despite ongoing geopolitical risks.
Key
GateNews2h ago
Trump Warns Banks Against Blocking Crypto Legislation, Says Digital Assets Now Mainstream
Gate News message, April 26 — Former President Donald Trump warned the banking industry against obstructing crypto legislation at a private event held Saturday at Mar-a-Lago in Palm Beach, Florida, attended by approximately hundreds of TRUMP token holders. Trump stated: "The White House will not let
GateNews4h ago
Trump delays the schedule of talks with the Middle East envoy, and Bitcoin slips modestly as geopolitical volatility eases
U.S. President Trump announced that the itinerary of the Middle East envoy, Wittekoff, and Kushner to Pakistan has been canceled, emphasizing that the U.S. side holds the negotiating initiative; Bitcoin fell in the short term due to the news, and analysts say it was due to a geopolitical risk premium, with market focus shifting to the Palm Beach crypto conference and future regulatory developments.
ChainNewsAbmedia6h ago
U.S. Navy Intercepts Vessel in Arabian Sea, Continues Full Blockade of Iranian Ports
Gate News message, April 26 — The U.S. Central Command announced that the USS Pinckney, a guided-missile destroyer, intercepted a commercial vessel in the Arabian Sea today and escorted it back to Iran under U.S. military direction. The command stated it will continue implementing a full blockade of
GateNews6h ago
US Sanctions Iran-Linked Crypto Wallets Holding $344M Frozen by Tether
U.S. Treasury Secretary Scott Bessent announced sanctions on multiple wallets linked to Iran as part of President Donald Trump's efforts to increase economic pressure on the country, according to CNN. The move follows Tether's freeze of $344 million in USDT on Tron, which has been linked to
CryptoFrontier8h ago
