ME News reports that on May 2 (UTC+8), the Russian crypto exchange Grinex stated it will compensate clients for assets damaged by an unknown hacking attack half a month ago, with the platform initially estimating losses of approximately $1,400. Grinex said affected clients will first be able to withdraw the ruble-stablecoin A7A5; the stolen assets remain in the attacker’s wallet and cannot yet be returned, as international AML services have flagged the funds as “stolen assets,” and Russian police have opened an investigation. It is reported that in mid-April, hackers stole approximately $14 million in USDT from the platform and transferred it via SUN io, converting it to TRX. (Source: MLion)
Grinex to Compensate Customers for $14 Million Hack Loss
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Summary
The Russian exchange Grinex announced on May 2 (UTC+8) that it will compensate users affected by a $14 million USDT crypto hack in mid-April. The exchange will first allow affected customers to withdraw the ruble-stablecoin A7A5. The stolen assets remain in the attacker’s wallet and cannot be recovered. International AML services have flagged the funds as stolen, and Russian authorities have launched an investigation. The hackers used SUN.io to convert the funds to TRX before transferring them.
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