Two Thai nationals sued Tether after the stablecoin issuer froze their $42.4 million USDT without a court order, allegedly profiting from the interest on the locked funds. The freeze occurred following an informal request from U.S. Homeland Security, with a formal warrant issued months later linked to a scam investigation. The plaintiffs argue Tether acted without legal basis and seek the return of their funds plus interest. This case highlights tensions between regulatory enforcement and stablecoin operations, with Tether having frozen nearly $6 billion in 2026 amid increased U.S. regulatory pressure.
Tether's USDT0 token has launched on the Stellar blockchain, providing users access to over $180 billion in USDT liquidity across multiple chains. This integration uses LayerZero's Omnichain Fungible Token standard, enabling seamless cross-chain tran...
Two Thai businessmen have sued Tether after the stablecoin issuer froze $42.4 million of their USDT in October 2025, months before any court warrant was issued. The freeze was linked to an investigation into crypto fraud, but the plaintiffs claim the...
Two Thai businessmen filed a lawsuit against Tether in New York, claiming the company froze $42.4 million USDT in their wallets in October 2025 without a warrant, following an informal Homeland Security request. The freeze used Tether's smart contrac...
Two Thai businessmen sued Tether in New York, challenging the company's authority to freeze about $42.4 million USDT in October 2025 without a court warrant. The freeze followed an informal request from Homeland Security Investigations amid a broader...
Tether is winding down its synthetic gold-backed stablecoin aUSDT, giving holders until September 17, 2026, to redeem their tokens via the Alloy platform and reclaim the underlying Tether Gold (XAUT) collateral. Despite the announced deadline, on-cha...
