BREAKING: NFT Platform DMarket Freezes User Accounts From Russia and Belarus

DMarket, a trading platform for NFTs and in-game metaverse items, said that, as a startup born in Ukraine, it has decided to cut off all ties with Russia and Belarus.

- Advertisement -

With this, Russian and Belarusian users are now prohibited from registering on the platform. DMarket will also be freezing all registered accounts from these regions.

Assets and skins will remain under these profiles, but access to their use is currently restricted.

Users frozen by mistake are invited to contact the platform and confirm their user info via KYC to reopen their accounts.

Ukraine’s Deputy Prime Minister Mykhailo Fedorov praised DMarket’s decision on Twitter. He had previously called on all major cryptocurrency exchanges to block the addresses of Russian users.

This is something that should alarm all cryptocurrency and NFT holders that hold assets is centralized exchanges or wallets, as it seems that at any time they can freeze your account or even confiscate your belongings just because you are of different citizenship, have different beliefs or go against the system.

Previous Articles:

- Advertisement -

Latest News

Stablecoin Market Soars in 2025 as US Passes New Regulations

Stablecoin market capitalization increased to around $263 billion in 2025, following new U.S. regulatory...

Ethena Labs to Launch $1.5B USDtb Stablecoin in U.S. With Anchorage

Ethena Labs plans to launch its USDtb stablecoin, currently valued at $1.5 billion, in...

US Commerce Secretary Calls for Fed Chair Jerome Powell to Resign

Howard Lutnick, the U.S. Commerce Secretary, publicly called for Federal Reserve Chair Jerome Powell...

CME advances asset tokenization with Google Cloud, targets 2026 launch

CME plans to enable 24/7 movement of assets through tokenization, aiming to launch a...

Saudi Arabia to Allow Foreign Real Estate Ownership from 2026

Saudi Arabia will allow foreign investors to purchase real estate starting January 1, 2026.Initial...

Must Read

How Cryptocurrency Works For Beginners?

Welcome to the world of cryptocurrency! If you're new to this exciting and rapidly evolving landscape, you might feel like Alice in Wonderland, exploring...