As part of its investigation, Global Ledger discovered that the ruble-backed stablecoin, A7A5, which was previously listed only on two exchanges, Garantex and BiFinance, is now available on Grinex. Coincidentally, Garantex transferred 4.5 billion A7A5 from its blocked wallet to Grinex. The whole process that led to this transfer of funds is well documented by Global Ledger with the transactions reminiscent of the modus operandi of Garantex.

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As part of its investigation, Global Ledger discovered that the ruble-backed stablecoin, A7A5, which was previously listed only on two exchanges, Garantex and BiFinance, is now available on Grinex. Coincidentally, Garantex transferred 4.5 billion A7A5 from its blocked wallet to Grinex. The whole process that led to this transfer of funds is well documented by Global Ledger with the transactions reminiscent of the modus operandi of Garantex.

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Garantex to Grinex – Illegitimate Russian marketplace moves operations to new platform

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Grinex has received 4.5 billion A7A5 rubble backed stablecoin tokens from shuttered Russian crypto exchange Garantex, which were previously listed only on Garantex and BiFinance according to blockchain analytic firm Global Ledger

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