This block was carried out by the issuer of the USDT stablin, Tether. jointly with the US Secret Service and law enforcement agencies of several EU countries.
Garantex is a Russian crypto exchange. The US authorities accused this crypto exchange of money laundering, assistance to criminal organizations and violation of the sanctions regime. Therefore, USDT was blocked for $26 million. The exchange's team denies all charges.
The message from the crypto exchange says: "Garantex does not renounce its obligations to its users and intends to fully compensate the blocked assets of users from existing assets in the Russian Federation as part of a procedure similar to the procedure for the resolution of financial organizations."
Since March 11, this platform has been negotiating with users on compensation for blocked assets. The terms of compensation for users will be offered individually.
The exchange provides a secure technical solution for users from other regions. Currently, of the exchange's accounts, only the telegram channel and the VKontakte social network are working. The work of the remaining social networks of the exchange has been suspended. In case the remaining work accounts are blocked, the site has prepared backup sources for ads.
PS:
If Tether is blocking users' USDT, then... where is the guarantee that your USDT won't be blocked tomorrow too!
Be vigilant especially at this time!
