<ul><li>Garantex, Russia's largest sanctioned crypto exchange, has halted operations after Tether froze over 2.5 billion rubles ($27 million) in USDT.</li><li>Tether's action is in response to Garantex's violation of anti-money laundering laws and processing of illegal transactions.</li><li>The European Union and the U.S. have previously sanctioned Garantex for these violations.</li><li>Officials are investigating over $20 billion in USDT transactions processed through Garantex, with Tether's involvement in question.</li></ul>

Tether Freezes $28M USDT in Garantex Exchange, Causing it to Shut Down

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