Sanctioned Russian Crypto Exchange Garantex May Change Its Name to Grinex

latest report from the Swiss blockchain analysis company Global Ledger shows that the sanctioned Russian cryptocurrency exchange Garantex has been renamed to Grinex, and a large amount of on-chain and off-chain data indicates that Grinex is the direct successor of Garantex. Some of Garantex's liquidity, including the ruble-backed stablecoin held by Garantex, has been transferred to wallets controlled by Grinex. Grinex has grown rapidly in recent weeks, with trading volume exceeding $40 million in just two weeks.