From Cointelegraph

June 5, 2025 2:30 pm:

Global Ledger discovered $15 million in active reserves from Garantex crypto exchange, with some moving. A dormant Garantex Ethereum wallet accumulated $2.3 million in ETH, transferring to Tornado Cash. $6.1 million in ETH remains stagnant. Similar patterns found with Bitcoin holdings. Garantex faced Tether freeze and sanctions, with founder arrested in India.

In response to the Tether freeze, a Russian finance ministry official suggested developing a stablecoin. Recent events raised concerns about the risks of stablecoins. The Russian finance ministry and central bank plan to launch a cryptocurrency exchange for “super-qualified” investors. Russia explores options in the crypto space amidst global developments.

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