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Crypto

Tether Sued Over $42M USDT Freeze for Two Thai Businessmen

Guavy AI Editorial Team
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Tether is facing a lawsuit in the Southern District of New York over the freeze of $42.4 million in USDT belonging to two Thai businessmen, Nutthawat Rukthammachalern and Natthawat Kasamvilas.

The plaintiffs claim that Tether blacklisted their Ethereum addresses in late October 2025 after receiving an informal request from a Homeland Security Investigations (HSI) agent.

Tether allegedly froze the funds without a warrant or court order, highlighting concerns about legal and centralization risks for crypto users.

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