Sanctioned Russian cryptocurrency exchange Garantex is suspected of changing its name to Grinex.
2025-03-24 15:58:57
The latest report from Swiss blockchain analysis firm Global Ledger shows that the sanctioned Russian cryptocurrency exchange Garantex has been renamed Grinex, and a large amount of on-chain and off-chain data indicates that Grinex is the direct successor of Garantex. Some of Garantex's liquidity, including the ruble-backed stablecoin held by Garantex, has been transferred to wallets controlled by Grinex. Grinex has recently grown rapidly, with trading volume exceeding $40 million in just two weeks.
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