Tether Freezes $28 Million USDT on Sanctioned Russian Exchange Garantex
Tether has frozen $28 million in USDT on the Russian exchange Garantex, which is sanctioned by the European Union due to its connections with the Russian government and criminal organizations.
Key points:
- Garantex has temporarily suspended all services.
- The exchange stated that Tether's actions target the Russian crypto market.
- Garantex claims over 2.5 billion rubles are impacted.
- All USDT in Russian wallets is now at risk.