Tether freezes $27M on Garantex, forcing halt of Russian-linked exchange

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Description

Garantex warned that this action could set a precedent, putting all Russian USDT holdings at risk. The exchange vowed to challenge the decision, emphasizing that while it may be the first exchange affected, it likely will not be the last.

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Article

Publish date

12:00am, Thursday, March 6, 2025

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CryptoSlate

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https://cryptoslate.com/tether-freezes-27m-on-garantex-forcing-halt-of-russian-linked-exchange/

Referenced by

Tether froze $28M USDT on sanctioned Russian exchange Garantex

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Tether is the issuer of USDT, the largest stablecoin with a market capitalization of more than $140 billion.

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Quote

Tether has entered the war against the Russian crypto market and blocked our wallets worth more than 2.5 billion rubles.

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Quote

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Referenced by

Tether froze $28M USDT on sanctioned Russian exchange Garantex

Tether is the issuer of USDT, the largest stablecoin with a market capitalization of more than $140 billion.

Tether has entered the war against the Russian crypto market and blocked our wallets worth more than 2.5 billion rubles.