Garantex Returns as Grinex—Will Regulators Let It Slide?

The operators of the sanctioned Russian cryptocurrency exchange Garantex have reportedly launched a new platform called Grinex, potentially moving customer funds to bypass restrictions. Despite being shut down for alleged illicit activities, blockchain analysts have detected fund transfers linked to the exchange. The move raises concerns that Garantex is attempting to continue operations under a new name, prompting authorities to closely monitor the situation since rebranding might work for marketing, but will it work for regulators?