Tether Faces Lawsuit from Thai Businessmen Over $42.4 Million USDT Freeze

Two Thai businessmen have filed a lawsuit against Tether, alleging that their wallet containing $42.4 million in USDT was blacklisted following an informal request from U.S. government agents without a warrant or court order. The plaintiffs are seeking to unfreeze the assets and are demanding compensation for the profits Tether allegedly generated from the corresponding reserves during the freeze period.