Garantex crypto exchange rebrands as Grinex after laundering $60 million in ruble-backed stablecoins

From Coin Telegraph
March 19, 2025 10:57:37 PM:

Garantex, a crypto exchange, reportedly reemerged under a new name after laundering millions in ruble-backed stablecoins. Global Ledger claims Garantex shifted liquidity and deposits to Grinex, its supposed successor. On March 13, Global Ledger found that Garantex laundered over $60 million in stablecoins and sent them to Grinex. Source: Global Ledger.

Grinex saw nearly $30 million in incoming transactions by March 14, with a monthly trade volume exceeding $68 million, according to CoinMarketRating. The US Treasury Department sanctioned Garantex in April 2022 for money laundering violations. Tether froze $27 million in USDT linked to Garantex on March 6. India’s CBI arrested Aleksej Bešciokov, the alleged operator of Garantex, on March 12. Source: Global Ledger.

Read more at Cointelegraph: Sanctioned crypto exchange Garantex shifts millions as it reboots platform