Crypto
Tether's Verbal Freeze of $42M USDT Sparks Regulatory Concerns
Two Thai businessmen have taken legal action against Tether after $42.4 million in USDT was frozen on a verbal request from Homeland Security, four months before a judge signed a seizure warrant.
The incident highlights potential regulatory and security vulnerabilities for crypto stablecoins like USDT.
A lawsuit has been filed by the two businessmen against Tether, alleging that the freeze on their assets caused significant financial losses.