Tether Faces Lawsuit Over $42.4M USDT Freeze on Verbal DHS Request
Two Thai businessmen allege Tether froze $42.4 million in USDT on a verbal Homeland Security request four months before any judicial warrant.
Two Thai businessmen filed suit against Tether alleging that $42.4 million in USDT was frozen after a verbal request from U.S. Homeland Security.
The freeze took place four months before a judge issued a formal seizure warrant.
The filing raises procedural questions about how and when stablecoin issuers respond to law-enforcement requests without judicial orders.
No information on the current status of the case, any response from Tether, or further details from Homeland Security has been provided.