Tether freezes $27M USDT on sanctioned Russian exchange Garantex

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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

12:00am, Thursday, March 6, 2025

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Cointelegraph

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

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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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Referenced by

Tether froze $28M USDT on sanctioned Russian exchange Garantex

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.

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