A recent investigation suggests that sanctions imposed on crypto exchange Garantex may have led to the creation of its successor, Grinex.
Garantex's Sanction History and Rise of Grinex
Earlier this month, actions were taken against Garantex due to its alleged role in illicit transactions. It's claimed that Grinex, a newly launched exchange, might be a direct successor of Garantex.
Why is Grinex Suspected as a Successor?
Grinex appears to use the same infrastructure as Garantex, and significant fund transfers to Grinex have been noticed. These factors suggest possible sanction evasion.
Implications of a Sanctions Workaround
If allegations are proven, this presents a significant challenge for global regulators and might impact the entire crypto market.
The Garantex and Grinex situation highlights the need for strict oversight and compliance in the crypto field, as well as international cooperation to prevent illicit activities.
