It is believed that a new Cryptocurrency Exchange, a Russian Cryptocurrency Exchange, is believed to be a rebrand of guaranteex, whose domain was seized by American authorities and a administrator was arrested.
According to a new report by the blockchain intelligence firm TRM Labs, Grinex shows a strong relationship for the previous operation of Garantex, but has not been determined whether it is currently being used for illegal transactions.
Garantex was a Russian Cryptocurrency Exchange, officially registered in Estonia, which was approved by the US (OFAC) in April 2022, followed by equal action by the UK and the European Union.
US authorities seized the domain of Garantax for several violations in early March 2025, including processing of $ 100 billion $ 100 billion and money laundering facility for ransomware gangs and dark markets.
TRM Labs has the Conti Ransomware Group and Dark Web Markets Hydra, Mega, KRAKEN, OMG! Confirmed transactions with OMG! And solaris.
Two administrators of Garantex, Aleksej Besciokov and Aleksandr Mira Serda were later charged, in which Besciokov was arrested a few days later on holidays in India.
Sudden growth of ginex
Immediately after the seizure, Grinex was promoted to telegram channels associated with the Garantex -DJACENT Satoshkin group, saying that it was “a new platform with” familiar functioning. “
Between the two platforms, the user interface similarities were widespread, but more especially, the Grinex Garantex’s employees and the user base were in a position to arrange the base from its much launch.
“Grinex announced that he had entered an agreement with Garantex to place his customers on a ship and was considering hiring former Garanatex employees,” TRM Labs states,
“Even more disclosure, Grinex began to distribute the former Garantex user property through a new token, A7A5.”
Two weeks before Techdown of Garantex, a new stabechoin called A7A5, the Russian ruble was declared on the platform, 1: 1, as a measure of the upcoming legal action.
TRM Labs found two Kyrgyzstan-based firms behind large transactions associated with the A7A5 token, but the connections are unclear.
It is clear that after the Garantax Techdown, Grinux began to distribute the former guarantex user property via the A7A5 token, with the telegram channels first connected to the ganex, which promoted the users in a way to recover their frozen funds.
Source: TRM Labs
Ultimately, the rise of Grinux suggests that it is a complex process blocking cybercrime and the theft mechanism of restrictions, as illegal networks can quickly rebrand, create new stabeckin, and exploit decentralized platforms to continue their operations.
TRM Labs mentions two other platforms that emerged as a guarantex replacement, namely AbsX, which directly belongs to Sergei Mendeleev, and Rapira, the founder of Garantax, which has already welcomed several former guaranteex users.
