Garantex’s Great Escape: The Crypto Comeback You Didn’t See Coming! 🚀

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Garantex’s Great Escape: The Crypto Comeback You Didn’t See Coming! 🚀

In a plot twist that could only be rivaled by the most absurd of intergalactic soap operas, it appears that the founders of Garantex, the Russian crypto exchange that was recently given the boot by US and EU authorities, have decided that a week is just too long to stay out of the game. Enter Grinex, the shiny new platform that has already processed a staggering $36 million in incoming transactions, because why not? 💸

Global Ledger, the self-proclaimed oracle of all things crypto, has shared this revelation exclusively with BeInCrypto, as if we were all just waiting with bated breath for the next episode of “As the Blockchain Turns.” 📺

Is Garantex Back Under a New Name?

So, Garantex was shut down last week, but apparently, it’s like that one friend who just won’t take a hint. Earlier this month, Tether decided to freeze some wallets containing a cool $28 million in USDT, while the US Department of Justice seized domains like they were collecting Pokémon cards. Oh, and let’s not forget the co-founder who got himself arrested—talk about a party crasher! 🎉

But lo and behold, a new report reveals that the Garantex team has already launched Grinex, because who needs a break when you can just rebrand? 🥳

“Swiss blockchain analytics company Global Ledger has completed its investigation and gathered conclusive evidence that Grinex, the exchange that emerged shortly after the dramatic collapse of Garantex, is, in fact, a direct continuation of Garantex itself,” they claimed, as if we needed a PhD in crypto to figure that one out. 🤔

The crux of this revelation comes from on-chain analysis, which sounds incredibly fancy. A7A5, a ruble-backed stablecoin, was listed on Garantex less than a month before its untimely demise. And guess what? Its creators confirmed via Telegram (the official channel of all serious business) that the asset was now listed on Grinex. Global Ledger tracked a massive liquidity transfer from Garantex to Grinex, proving that the two are as connected as a pair of socks in a dryer. 🧦

Garantex Users Are Receiving Lost Funds On Grinex

According to the ever-reliable Global Ledger, these exchanges have interfaces so similar that they could be twins separated at birth. A marketing statement on the Russian crypto tracking site ‘CoinMarketRating’ claims that the owners of Garantex are the masterminds behind Grinex. Shocking, I know! 😲

In a twist that would make any soap opera writer proud, some users who lost funds on Garantex are now reporting that they’ve received reimbursements on Grinex. It’s like a financial game of whack-a-mole! 🎈

Sources also claim that Grinex customers are making pilgrimages to the Garantex office, and many users are migrating their assets to the new exchange like it’s the latest trend. 🏃‍♂️💨

All signs point to Grinex finding a way to keep the lights on, despite the earlier crackdown. The US Department of Justice sanctioned Garantex in 2023, but it seems that the crypto universe has a way of making things… interesting. 🌌

The saga of Grinex is yet another example of how Russia has been using crypto to play a game of international sanctions dodgeball. Even if law enforcement acts quickly against Grinex, it could very well resurface, like a bad penny or that one song you can’t get out of your head. 🎶

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2025-03-19 20:07