The Russian cryptocurrency exchange Grinex has reported a hack and the theft of over $11 million

The Russian cryptocurrency exchange Grinex, which was used to circumvent sanctions, announced that it was suspending operations following a large-scale cyberattack.

The platform itself reported this.

According to the platform, the hack resulted in the loss of over 1 billion rubles (approximately $11 million) in user funds. The exchange stated that the attack allegedly bears signs of involvement by “foreign intelligence agencies.”

Following the incident, the platform suspended operations and contacted law enforcement agencies.

Grinex was established in 2025 following the closure of another Russian crypto exchange, Garantex. Among other assets, it traded the A7A5 stablecoin, pegged to the ruble, which was used for international settlements amid sanctions.

Previously, the UK and the US imposed sanctions on the exchange for aiding Russia in the war against Ukraine.

Prior to this, hackers gained access to data from the Booking.com website, the company reported. The attackers were able to obtain information about customer bookings, and some users received emails on Sunday notifying them of a possible data breach.

Hackers also attacked the Hyperbridge, which connects the Ethereum and Polkadot blockchains, gaining control of the DOT token contract via a spoofed message. As a result, they minted 1 billion counterfeit DOT tokens and immediately sold them in a single transaction, netting approximately $237,000.