💨 Abstract

Russian cryptocurrency exchange Garantex suspended operations after Tether blocked digital wallets holding over $28 million due to EU sanctions. Garantex was included in the EU's 16th sanctions package against Russia over Ukraine, accused of being closely associated with sanctioned banks and circumventing EU sanctions. Tether did not comment, and Garantex said all USDT held in Russian wallets is now under threat.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖