Big news in the world of cryptocurrency! Garantex, a Russian cryptocurrency exchange, had to shut down. This happened because Tether, a type of digital money that tries to stay the same value as a dollar, froze a lot of Garantex's money.
- Garantex was stopped from working because of government rules.
- Tether froze over 2.5 billion rubles worth of USDT (a type of digital money).
- Garantex says it's working to fix the problem.
| Problem | Details |
|---|---|
| Frozen Money | Over 2.5 billion rubles worth of USDT |
| Exchange | Garantex (a Russian exchange) |
| Status | Temporarily shut down |
This is a reminder that cryptocurrency can be risky. The value of cryptocurrencies can go up and down quickly.
