Russia's Central Bank has initiated legal action against Belgium-based depository Euroclear in Moscow, seeking resolution over frozen assets. This lawsuit highlights escalating tensions around cross-border financial infrastructure and asset custody. For crypto traders and investors, the case underscores critical questions about asset protection in an increasingly fragmented global financial landscape. When major financial institutions face asset freezing and legal disputes, it reshapes confidence in traditional custody solutions and reinforces the importance of understanding counterparty risks across different platforms and jurisdictions.