The plaintiffs didn't dispute their involvement in the pig butchering scam, but claimed that Tether did not have the authority to freeze the $42 million at the time.
Two Thai businessmen say Tether blacklisted $42.4 million of their USDT four months before any court authorized the freeze, and now they're suing to get it back. A Freeze Before Any Warrant Nutthawat Rukthammachalern and Natthawat Kasamvilas filed suit against Tether on Aug. 31 in the U.S.
The plaintiffs allege that Tether acted in response to an informal U.S. law-enforcement request more than three months before a seizure warrant was issued.
Thai plaintiffs claim Tether froze wallets on an informal HSI request without a warrant.
Two Thai businessmen sue Tether over a $42.4 million USDT freeze, claiming it happened before any warrant was issued.
A legal challenge has been mounted against Tether by two Thai entrepreneurs in New York's federal court system, alleging the digital currency company locked $42.4 million worth of USDT without proper legal backing.
Tether faces a New York lawsuit alleging it froze 42.4 million USDT before authorities obtained a warrant in a $61 million fraud probe.
A new payment card advertises up to 10 percent cashback in USDT and up to 7 percent a year on the balance. Article 50 MiCAR explains why a provider licensed in the EU is not allowed to pay you exactly that.
MEXC has launched a Visa-linked Global Card offering eligible users up to 10% cashback in USDT as monthly crypto card spending reached $759 million in July, roughly 2.5 times its level a year earlier. According to MEXC's Aug.
Tether is putting fresh focus on Asia-Pacific as it expands its push into real-world asset tokenization, with Jed Nazif joining the company as Expansion Manager, Tokenization. Nazif announced the move on LinkedIn, saying he will focus on driving RWA initiatives and expanding Tether's tokenization platform, Hadron by Tether, across APAC.
Outline for a news article on the United States filing a case involving about 225,364,961 USDT, focused on the filing, the amount, legal context, and next questions.
A U.S. court filing involving approximately 225,364,961 USDT has drawn market attention. Here is a focused outline covering the filing, possible implications, and key questions.