Crypto
Tether Sued Over Alleged Unlawful Freeze of $42M USDT
Two Thai businessmen have filed a lawsuit against Tether, alleging that the company unfairly froze $42.4 million in USDT at their request.
The lawsuit, filed on August 31 in the U.S. District Court for the Southern District of New York, claims that Tether blacklisted the addresses holding the USDT after receiving an informal request from a Homeland Security Investigations agent on October 30, 2025.
The businessmen argue that no warrant or court order authorized the freeze, which occurred more than three months before a federal seizure warrant was issued in February 2026 as part of a broader investigation into cryptocurrency investment fraud.