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Garantex has been sanctioned by Tether, resulting in a freeze of 27 million USDT

Garantex has been sanctioned by Tether, resulting in a freeze of 27 million USDT

Bitget2025/03/06 11:19

Tether has frozen $27 million worth of USDT on the sanctioned Russian cryptocurrency exchange Garantex, forcing the platform to cease operations. On March 6th, Garantex wrote on its official Telegram announcement channel: "Tether has joined the war with the Russian crypto market and blocked our wallet worth more than 2.5 billion rubles ($27 million)." The exchange stated that it has suspended all services including withdrawals, and its website is currently under maintenance. Not long ago, the EU imposed sanctions on Garantex on February 26th as part of the 16th round of sanctions against "Russia's invasion of Ukraine."

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