Thai Businessmen Sue Tether Over Frozen USDT

Two Thai businessmen have taken Tether to court in New York over the freezing of approximately $42.4 million USDT without a warrant in October 2025.

The freeze was part of a broader investigation into investment fraud involving over $61 million USDT, and an informal request from Homeland Security Investigations had been made to Tether.

Tether's actions were deemed premature by the plaintiffs, who argue that they should have waited for legal authorization before restricting the tokens.