Tether freezes $27M USDT on sanctioned Russian exchange Garantex

  • Article

Name

Tether freezes $27M USDT on sanctioned Russian exchange Garantex

Description

Stablecoin operator Tether has frozen $27 million in USDt on the sanctioned Russian Garantex crypto exchange, forcing the platform to halt operations.

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Article

Publish date

Mar 6, 2025 - 12:00am

Publisher

Cointelegraph

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Web URL

https://cointelegraph.com/news/tether-freezes-27-million-usdt-sanctions-garantex-russia

Referenced by

Tether froze $28M USDT on sanctioned Russian exchange Garantex

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The majority of Garantex’s operations are carried out in Moscow, including at Federation Tower and Saint Petersburg, Russia, where other sanctioned virtual currency exchanges have also operated.

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The exchange said it has temporarily suspended all services, including withdrawals, with its website currently under maintenance.

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