POPA ReconTether Faces Lawsuit Over Allegedly Unlawful $42.4M USDT Freeze
Tether Faces Lawsuit Over Allegedly Unlawful $42.4M USDT Freeze Two Thai businessmen sued Tether, alleging the stablecoin issuer froze roughly $42.4M in USDT without legal authority. The plaintiffs claim Tether blacklisted 10 Ethereum addresses in October 2025 following an informal request from a Homeland Security Investigations agent, before any warrant or court order was issued. More than three months later, a federal magistrate judge issued a seizure warrant outlining plans to burn the restricted USDT, mint replacement tokens, and transfer them to a government-controlled wallet. Tether…
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