Thai Nationals Sue Tether Over $42.4 Million USDT Freeze

Two Thai nationals have filed a lawsuit in a New York federal district court against Tether, alleging that the stablecoin issuer improperly froze $42.4 million in USDT. The funds were linked to a pig-butchering scam targeting investors in Southeast Asia. The plaintiffs argue that Tether unilaterally locked the assets following an informal request from the U.S. Department of Homeland Security, without a warrant at the time of the freeze. A formal seizure warrant was only issued by a North Carolina court months later. The case challenges the authority of stab