Grinex

April 2024 was the worst month for crypto hacks, with over $600 million lost in incidents including major breaches at KelpDAO ($293M) and Drift ($285M). Additional hacks at platforms like Rhea Lend, Grinex, and smaller protocols like CoW Swap and Hyperbridge contributed to cumulative losses, highlighting systemic vulnerabilities in the crypto ecosystem.

April was the worst month for crypto hacks in a long time, with over $1 billion lost across multiple incidents. Major breaches included KelpDAO ($293M) and Drift ($285M), followed by smaller but significant attacks on platforms like Rhea Lend, Grinex, and others including CoW Swap, Hyperbridge, and Bybit.

In April, $805 million was lost through DeFi hacks targeting platforms like Kelp Dao, Drift Protocol, and Grinex. Attacks involved methods such as social engineering and domain hijacking, with North Korea-backed Lazarus Group suspected as the primary threat actor.

Recent DeFi exploits have resulted in over $800M in reported losses, with multiple protocols including Kelp DAO, Drift, and Wasabi affected. Key vulnerabilities highlighted include compromised deployer keys and smart contract flaws, underscoring ongoing security challenges in the DeFi ecosystem.

Grinex, a Kyrgyzstan-incorporated cryptocurrency exchange sanctioned by the U.K. and U.S., has suspended operations after blaming Western intelligence agencies for a $13.74 million cyber attack. The exchange claims the hack bore hallmarks of foreign intelligence involvement, leading to the theft of over $13.74 million.

Grinex, a US-sanctioned cryptocurrency exchange based in Kyrgyzstan, halted operations after a $15 million cyberattack allegedly carried out by 'western special services' hackers. TRM researchers confirmed the theft, noting 70 drained addresses, and Grinex claims the attack aimed to damage Russia's financial sovereignty.

Kyrgyzstan-based cryptocurrency exchange Grinex has suspended its operations after suffering a $13.7 million hack attributed to Western intelligence agencies.

At least a dozen crypto entities have been attacked since the Drift Protocol hack, with Rhea Finance and the Russia-linked Grinex exchange recently targeted in attacks totaling $21 million.

Russia-linked cryptocurrency exchange Grinex has suspended trading following a $14 million hack. US authorities accuse Grinex of enabling Russia and other entities to evade sanctions and launder funds for Russia-linked hackers.

Russian crypto exchange Grinex paused trading after a $13 million exploit, which it attributes to 'Western special services.' The incident highlights cybersecurity concerns in the cryptocurrency sector.