The Crypto Exchange Gurantx approved after the price of about 2.5 billion in the price of USDT in Russian rubles has shut down its services.
Russia’s largest and accepted Cryptocurrency Exchange Grantage has temporarily discontinued all its services, as Tither costs more than USDT more than 2.5 billion rubles.
“Dear user! We have bad news, ”Garantax said on 6 March statement On Telegram. “Tedhar has waged a war against the Russian Crypto market and blocked our purse for more than 2.5 billion rubles.” The exchange announced that it is temporarily suspended by “all services including cryptocurrency withdrawals, while its team works to resolve the issue. “We are fighting and won’t give up!” Added to it.
Guarantex also warned Russian users that “all USDT in Russian purse is now at risk.” As the press time, Tather did not make any public statement on the move. The StableCoin issuer has previously faced investigation for its transaction with Russian-Linked Institutions.
Garantax was approved by the American Treasury in 2022 for the alleged illegal transactions. Despite the restrictions, it continued operations, serving Russian users through the approved Russian banks.
The shutdown follows the recent decision to add the recent decision of the European Union to its list of sanctions, which is part of a comprehensive effort to target the financial network associated with Moscow.
In April 2022, the US Treasury’s OFAC blacklisted the gentlex, which cited its role in illegal actors and transactions related to the dark markets, including funds associated with the Russian Russian ranges-a-e-service group Compi and now-Defunction Hydra Marketplaces.
