Garantex, a sanctioned Russian crypto exchange, is suspected to be renamed Grinex

PANews March 24th news, according to Coindesk, the latest report of Swiss blockchain analytics company Global Ledger shows that the sanctioned Russian cryptocurrency exchange Garantex has been renamed Grinex. A large amount of on-chain and off-chain data indicates that Grinex is the direct successor to Garantex. Some of Garantex's liquidity, including the entirety of the ruble-backed stablecoin A7A5 held by Garantex, has been transferred to a Grinex-controlled wallet.