Thai Businessmen Sue Tether Over Alleged $42M USDT Freeze Without Authorization

Two Thai businessmen, Nutthawat Rukthammachalern and Natthawat Kasamvilas, have taken Tether to court in New York federal court for allegedly freezing $42.4 million worth of USDT without proper legal authorization.

The freeze was implemented on October 30, 2025, after an informal communication from a Homeland Security Investigations official. However, no judicial warrant or formal legal documentation existed at the time to justify Tether's actions.

The complainants assert they acquired the digital tokens through secondary market transactions and never established a direct business relationship with Tether.