Sanctioned Russian Exchange Garantex Suspected of Rebrand as Grinex

Quick Summary:

TRM Labs told Decrypt that "Garantex has a unique on-chain fingerprint and Grinex uses this same fingerprint.

On top of this, TRM Labs also told Decrypt that Garantex co-founder Sergey Mendeleev was “prominent in the announcement of Grinex's launch,” which was posted on Telegram.

Of particular significance is the fact that intermediary addresses, which “are associated with the transfer of funds out of Garantex,” were used to deposit funds (mostly in A7A) into Grinex client addresses.

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Article Details

Author / Journalist: Simon Chandler

Category: Crypto

Markets: EstoniaKyrgyzstan

Topics: Breaking Push Grinex Garantex Business Russian sanctions Russia Sanctions TRM Labs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 18:22:29 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 778 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 28302129

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

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Year Established: 2018

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News Last Updated: 8 hours ago

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