Tether froze $27 million USDT on the Russian cryptocurrency exchange Garantex, which led to the suspension of its operations. The exchange announced a temporary halt of all services, including withdrawals, and technical maintenance on the website. This decision was a result of EU sanctions imposed on Garantex in February 2025 as part of measures against Russia. The exchange warned users about the potential threat to all USDT in Russian wallets. Earlier, Garantex was sanctioned by the US in 2022, which also affected its operations.
3/6/2025 11:40:12 AM (GMT+1)
Tether froze $27 million USDT on the Russian exchange Garantex, leading to the suspension of all operations and withdrawals in response to international sanctions
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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