Tether froze $28M in USDT on Garantex due to EU sanctions, which were imposed as part of measures against Russia’s war in Ukraine.

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Mar 6, 2025 - 12:00am

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Tether has frozen $28 million worth of USDT on Russian crypto exchange Garantex.

The news came after the European Union sanctioned Garantex on Feb. 26 as part of the 16th package of sanctions on 'Russia’s war of aggression against Ukraine.'

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Week 10 of 2025