Grinex outage blocks withdrawals for Russian stablecoin traders

Users of the Grinex cryptocurrency exchange cannot access deposits or withdrawals. The platform has blocked all withdrawals and halted trading while it investigates a cyberattack that resulted in losses of more than 1 billion rubles, or approximately $13 million. Grinex suspended all operations and placed its website under a maintenance notice following the breach. The exchange stated the attack was coordinated to cause direct damage to the financial sovereignty of Russia and may have been carried out by foreign intelligence groups.