Grinex exchange halts operations after $15M hack

The Grinex cryptocurrency exchange has ceased operations following a significant hack that resulted in the loss of $15 million. The exchange, which had absorbed liquidity and users from the sanctioned Garantex exchange, cited 'hostile states' as the reason for the attack. This incident highlights the ongoing security challenges within the digital asset space, particularly for platforms operating under sanctions or facing geopolitical pressures. The flow of users from Garantex to Grinex suggests a consolidation trend among certain exchanges, now disrupted by this major security breach.