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

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Mar 19, 2025 - 12:00am

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Garantex exchange, a Russian crypto exchange that was taken down after sanctions violations and alleged links to money laundering for international criminal organizations by the United States Department of Justice in collaboration with German and Finnish law enforcement, has reportedly resurfaced as a new crypto exchange called Grinex.

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.

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Week 12 of 2025