⚖️ Tether $USDT was recently sued for freezing 42.4 million USDT related to an alleged scam.
Two Thai businessmen filed a lawsuit in the New York County court, accusing Tether of unlawfully freezing the above amount in October 2025 after an unofficial request from the U.S. Department of Homeland Security Investigations. A formal seizure warrant was only issued in February 2026.
Why is it notable?
Although the plaintiffs do not deny involvement in the "pig butchering" scam scheme, the lawsuit is a test of the power to freeze assets held by a stablecoin issuer.
Put simply:
Tether may have frozen the funds too early, and the court will decide who is right and who is wrong.
#CryptoRegulation #CryptoNews
🔗 Source: Cointelegraph
⚠️ Information is for reference only and not investment advice. Do your own research before making any decision (DYOR).
Two Thai businessmen filed a lawsuit in the New York County court, accusing Tether of unlawfully freezing the above amount in October 2025 after an unofficial request from the U.S. Department of Homeland Security Investigations. A formal seizure warrant was only issued in February 2026.
Why is it notable?
Although the plaintiffs do not deny involvement in the "pig butchering" scam scheme, the lawsuit is a test of the power to freeze assets held by a stablecoin issuer.
Put simply:
Tether may have frozen the funds too early, and the court will decide who is right and who is wrong.
#CryptoRegulation #CryptoNews
🔗 Source: Cointelegraph
⚠️ Information is for reference only and not investment advice. Do your own research before making any decision (DYOR).