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Grinex exhibits a nearly identical user interface and similar operational patterns as the shuttered Russian crypto exchange Garantex, according to blockchain analytic firm Global Ledger
Grinex has received 4.5 billion A7A5 rubble backed stablecoin tokens from shuttered Russian crypto exchange Garantex, which were previously listed only on Garantex and BiFinance according to blockchain analytic firm Global Ledger
Grinex appears to operate using the same infrastructure as the shuttered Russian crypto exchange Garantex and is also based in Russia, according to blockchain analytics firm Global Ledger
Garantex, Russian crypto exchange, after being shut down by for sanctions violations and alleged money laundering, has reportedly re-emerged as Grinex, with blockchain analytics firm Global Ledger presenting evidence that it is a direct continuation of the original platform
Grinex is receiving shuttered Russian crypto exchange Garantex Garantex liquidity and customer deposits, according to blockchain analytic firm Global Ledger
Grinex, emerging as the spinoff to the shuttered Russian crypto exchange Garantex, reinforces concerns about the resilience of cybercriminal networks in the crypto space

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Garantex operators reportedly moving funds to Grinex

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