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Tether faces claims over alleged unlawful freeze of $42.4 million in USDT

Two Thai businessmen say they were blocked from accessing USDT months before federal authorities obtained a seizure warrant.

Reported · Written up by our desk · Regulation

Tether is facing allegations tied to a purported freeze of $42.4 million worth of USDT, according to Decrypt.

The claim comes from two Thai businessmen who say Tether blocked their access to the stablecoins months before federal authorities secured a seizure warrant.

Decrypt reports that the dispute centers on whether the freeze was unlawful, with the plaintiffs arguing it occurred ahead of the government action to seize funds.

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