CoinScoopTether Sued by Thai Businessmen Over Preemptive $42.4M USDT Freeze
Two Thai businessmen, Nutthawat Rukthammachalern and Natthawat Kasamvilas, filed a lawsuit against Tether in the US District Court for the Southern District of New York. The plaintiffs allege that Tether blacklisted over $42.4 million in USDT three months before receiving an official seizure warrant. On-chain data confirms the funds were frozen in October 2025, while the warrant was dated February 2026. The lawsuit claims Tether acted on informal requests from the Department of Homeland Security (HSI) and failed to disclose the freeze to the plaintiffs, who
Summaries are written by AI from the original article. Not investment advice.