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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The operators of the sanctioned crypto exchange Garantex have reportedly spun up a new trading platform, according to analytics firm Global Ledger. The new exchange, Grinex, is also allegedly operated out of Russia.

Blockchain forensics show direct links between the two platforms, reinforcing concerns about the resilience of cybercriminal networks in the crypto space