Tether faces a lawsuit in Manhattan federal court from terrorism victims and their families seeking control of $344 million in frozen USDT tied to Iran's Islamic Revolutionary Guard Corps (IRGC). The frozen funds are held in two Tron wallet addresses sanctioned by the U.S. Treasury and frozen by the Office of Foreign Assets Control (OFAC). Plaintiffs argue Tether can control and transfer these funds since it can blacklist addresses and freeze assets on its network. The case raises concerns about centralized stablecoins' role in sanctions enforcement and follows scrutiny of Tether's dealings with Iranian-linked crypto platforms.
Victims holding unpaid U.S. terrorism judgments against Iran have asked a Manhattan court to compel Tether to release 344 million USDT frozen in two Tron wallets linked to Iran's Islamic Revolutionary Guard Corps (IRGC). The plaintiffs want Tether to...
Survivors and relatives of terror attacks linked to Iran's IRGC have petitioned a Manhattan federal court to compel Tether to release $344 million in frozen USDT. These funds were immobilized after U.S. sanctions identified the assets as belonging to...
Ethereum experienced a significant short-term outflow of $47.27 million as traders moved capital into stablecoins like USDT and cash (USD), signaling a defensive stance amid market uncertainty. Meanwhile, stablecoins and fiat currencies such as South...
The T3 Financial Crime Unit (T3 FCU), supported by Tether, TRON, and TRM Labs, has frozen more than $450 million in USDT tied to criminal activities since its 2024 launch. In 2025 alone, it intercepted 43.9% more illicit funds across 23 countries, ta...
The T3 Financial Crime Unit, a collaboration between Tether, TRON, and TRM Labs, has frozen over $450 million in illicit cryptocurrency assets since its launch in 2024. In 2025, the unit increased intercepted illicit proceeds by 43.9% compared to 202...
