Crypto
Tether Sued for Freezing $42M in Pig Butchering Case
Two Thai businessmen are suing Tether for allegedly freezing $42.4 million in USDT without authority, as part of a broader case tied to a pig butchering scheme.
The plaintiffs did not dispute their involvement in the scam, but claimed that Tether illegally froze the funds in October 2025 following an informal request from US Homeland Security Investigations.
A warrant for the seizure was only issued by authorities in the Eastern District of North Carolina later in February 2026, as part of a $61 million pig butchering case.