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.