Golden Finance reported that analytical agency Global Ledger reports that the operator of the sanctioned Russian crypto trading platform Garantex is suspected to have launched a new trading platform Grinex and transferred customer funds to the platform. Grinex is still operating in Russia and has many similarities with Garantex, which was sanctioned by international agencies earlier this month. Onchain data shows that Grinex has processed nearly $30 million worth of transactions. “These findings suggest that Grinex is not a standalone entity, but a formal successor to Garantex, and that it continues to operate financially despite the formal closing of the trading platform,” Global Ledger said.