What Happened
Grinex, a US-sanctioned cryptocurrency exchange registered in Kyrgyzstan, said it’s halting operations after experiencing a $13 million heist carried out by “western special services” hackers.
Why It Matters
Researchers from TRM, which has confirmed the theft, put the value of stolen assets at $15 million after discovering roughly 70 drained addresses, about 16 more than Grinex reported.
Key Details
- Neither TRM nor fellow blockchain research firm Elliptic has said how the attackers slipped past Grinex’s defenses.
- Grinex said it has been under almost constant attack attempts since incorporating 16 months ago.
- The latest attacks, it said, targeted Russian users of the exchange.
- Damaging "Russia's financial sovereignty" “The digital footprints and nature of the attack indicate an unprecedented level of resources and technology available exclusively to the structures of unfriendly states,” Grinex said.
Background Context
Grinex, a US-sanctioned cryptocurrency exchange registered in Kyrgyzstan, said it’s halting operations after experiencing a $13 million heist carried out by “western special services” hackers. Researchers from TRM, which has confirmed the theft, put the value of stolen assets at $15 million after discovering roughly 70 drained addresses, about 16 more than Grinex reported. Neither TRM nor fellow blockchain research firm Elliptic has said how the attackers slipped past Grinex’s defenses. Grinex said it has been under almost constant attack attempts since incorporating 16 months ago. The latest attacks, it said, targeted Russian users of the exchange. Damaging "Russia's financial sovereignty"
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Source: Ars Technica – All content – Original Link
Source: Ars Technica – All content
