Sanctioned Crypto Exchange Garantex: More Assets Uncovered
Sanctioned crypto exchange Garantex may have lost $26 million in frozen Tether, but a new investigation reveals more crypto is still moving.
Weeks after the U.S. froze $26 million in Tether assets linked to Garantex, blockchain analytics firm Global ledger found over $15 million in additional reserves. These assets are active across Ethereum, Bitcoin, and BNB Chain networks.
While the official freeze targeted Garantex’s USDT holdings, the exchange handled other tokens like Bitcoin, Ethereum, and even a ruble-pegged stablecoin called A7A5.
the sanctions freeze, coordinated wiht germany and Finland, took place in early March. On March 6, Garantex acknowledged the enforcement. That day, an
