The post Sanctioned Russian Crypto Exchange Is Inspiring Copycats appeared on BitcoinEthereumNews.com. Garantex, a sanctioned Russian crypto exchange, may inspire other businesses to emulate its methods. A new report details a connection between ABCex and AEXbit, which may be a rebrand to evade legal consequences. TRM Labs shared this report with BeInCrypto alongside some exclusive commentary from Ari Redbord, its Global Head of Policy and Government Affairs. The firm suspects that AEXbit and Garantex are directly linked, but there is no firm proof. Sponsored Sponsored Is Garantex Inspiring Exchanges? TRM Labs has been hard at work analyzing crime trends in 2025’s crypto scam supercycle, and its newest report is highly concerning. Specifically, it alleges that Garantex, a high-risk crypto exchange, has taught some valuable lessons in sanctions evasion to other illicit crypto platforms: “Garantex’s takedown was a landmark enforcement action, but it also shows us something important — illicit actors don’t just disappear, they adapt. What we’re seeing now is the playbook being reused: rebrands, cloned interfaces, and jurisdictional arbitrage,” Redbord told BeInCrypto. What does this mean, exactly? Although Garantex largely went underground after US sanctions and a few arrests, the exchange restarted under a fresh name. Grinex, the new firm, shared many on-chain transactions, code, and other assets with Garantex. Sponsored Sponsored This led experts to believe this company was a new money laundering front. Transactions in A7A5, a ruble-backed stablecoin from Kyrgyzstan, helped cement these connections. TRM Labs isn’t confident that new criminal exchanges are directly involved with Garantex, but they’re using similar methods. Tactics Spread Between Illicit Actors Specifically, the firm tracked ABCex, a shuttered exchange, and AEXbit, a potential rebrand, which closely resembled connections between Garantex and Grinex. Shortly after ABCex briefly shuttered during a DDoS attack, this replacement service opened with an identical user interface. TRM Labs suspects AEXbit relaunched to evade legal consequences, just like Garantex… The post Sanctioned Russian Crypto Exchange Is Inspiring Copycats appeared on BitcoinEthereumNews.com. Garantex, a sanctioned Russian crypto exchange, may inspire other businesses to emulate its methods. A new report details a connection between ABCex and AEXbit, which may be a rebrand to evade legal consequences. TRM Labs shared this report with BeInCrypto alongside some exclusive commentary from Ari Redbord, its Global Head of Policy and Government Affairs. The firm suspects that AEXbit and Garantex are directly linked, but there is no firm proof. Sponsored Sponsored Is Garantex Inspiring Exchanges? TRM Labs has been hard at work analyzing crime trends in 2025’s crypto scam supercycle, and its newest report is highly concerning. Specifically, it alleges that Garantex, a high-risk crypto exchange, has taught some valuable lessons in sanctions evasion to other illicit crypto platforms: “Garantex’s takedown was a landmark enforcement action, but it also shows us something important — illicit actors don’t just disappear, they adapt. What we’re seeing now is the playbook being reused: rebrands, cloned interfaces, and jurisdictional arbitrage,” Redbord told BeInCrypto. What does this mean, exactly? Although Garantex largely went underground after US sanctions and a few arrests, the exchange restarted under a fresh name. Grinex, the new firm, shared many on-chain transactions, code, and other assets with Garantex. Sponsored Sponsored This led experts to believe this company was a new money laundering front. Transactions in A7A5, a ruble-backed stablecoin from Kyrgyzstan, helped cement these connections. TRM Labs isn’t confident that new criminal exchanges are directly involved with Garantex, but they’re using similar methods. Tactics Spread Between Illicit Actors Specifically, the firm tracked ABCex, a shuttered exchange, and AEXbit, a potential rebrand, which closely resembled connections between Garantex and Grinex. Shortly after ABCex briefly shuttered during a DDoS attack, this replacement service opened with an identical user interface. TRM Labs suspects AEXbit relaunched to evade legal consequences, just like Garantex…