PANews reported on March 24 that according to Coindesk, the latest report from Swiss blockchain analysis company Global Ledger shows that the sanctioned Russian cryptocurrency exchange Garantex has changed its name to Grinex. A large amount of on-chain and off-chain data shows that Grinex is the direct successor of Garantex. Part of Garantex's liquidity, including all of Garantex's holdings of the ruble-backed stablecoin A7A5, has been transferred to a wallet controlled by Grinex.