cryptoninjas

MOSCOW, March 6 (Reuters) - Russian cryptocurrency exchange Garantex on Thursday said stablecoin Tether had blocked digital wallets on its platform holding more than 2.5 billion roubles ($28 million), forcing it to suspend operations days after coming under EU sanctions.
The European Union included Garantex in its 16th sanctions package against Russia over the conflict in Ukraine on February 24, accusing the crypto exchange of being closely associated with EU-sanctioned Russian banks and responsible for circumventing EU sanctions.

We have bad news," Garantex said on Telegram. "Tether has entered the war against the Russian crypto market."
When contacted for comment, a spokesperson for Tether told Reuters to direct questions to the U.S. Secret Service, without giving further details.
Garantex said it was temporarily suspending the provision of all services, including cryptocurrency withdrawals.
"We are fighting and will not give up," Garantex said. "Please note that all USDT held in Russian wallets is now under threat.