From Cointelegraph
May 30, 2025 9:44:00 AM:

Grinex, a suspected successor to the sanctioned Russian exchange Garantex, has moved over $1.66 billion in crypto through exchanges, despite red flags raised by Global Ledger. Exchanges have around $1 billion in fund exposure to Grinex, with $2.41 billion in transactional exposure to crypto services and wallets.

Global Ledger observed $649 billion in stablecoin flows exposed to high-risk addresses in 2024, with more than 70% occurring on the Tron network via USDt. The firm reported $1.66 billion moving in and out of 180 cryptocurrency exchanges due to continuous fund flows in and out of Grinex.

Grinex wallets are moving USDt on Tron, with some exchanges notified of suspicious fund flow analysis by Global Ledger. Tron has a higher USDt supply than Ethereum as of May 30. Some exchanges have acknowledged the provided information, while others have not responded to communication attempts.

Garantex’s services were disrupted by US and European authorities in March, leading to the freezing of $27 million in stablecoins. Garantex allegedly resurfaced as Grinex, with over $60 million in Russian ruble-backed stablecoins moved to the new exchange. Aleksej Bešciokov, the alleged operator of Garantex, was arrested in India on US money laundering charges. 1. The US economy added 850,000 jobs in June, surpassing expectations. The unemployment rate rose slightly to 5.9% due to more people entering the job market.

2. The Delta variant of COVID-19 is spreading rapidly in the UK, accounting for 96% of new cases. Health officials urge people to get vaccinated to prevent further surges.

3. Tesla delivered a record 201,250 vehicles in the second quarter, exceeding analysts’ expectations. The company also produced 206,421 vehicles during the same period.

4. The European Union has approved the use of the Johnson & Johnson COVID-19 vaccine for all adults. The decision comes after reports of rare blood clotting issues led to restrictions on the vaccine’s use in some countries.

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