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Lawsuit against Tether

Two Thai businessmen have filed a lawsuit against Tether in a federal court in New York over the arbitrary freezing of 42.4 million USDT. A civil lawsuit has been filed against the USDT-issuing company after it preemptively froze a sum of 2.7 million tokens linked to an investigation into funds.

⚖️ Lawsuit details:

Reason: Blocking 10 Ethereum addresses (wallets).

Amount: 42.4 million USDT.

Claim: The plaintiffs allege that Tether acted on an informal request without a prior court order.

Important: Behind this freeze of 2.76 million USDT are teams of professionals specializing in blockchain investigations and forensic analysis.

Specifically, in this civil lawsuit filed against Tether by cross-border payments company Conduit Technology, the tracing of the funds and the decision to block them involve two groups of professionals.

#ConduitTechnology
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