Tether
Ripple's David Schwartz Backs Tether in $42 Million USDT Freeze Lawsuit
Former Ripple Chief Technology Officer David Schwartz has defended Tethers decision to freeze $42.4 million in USDT without an initial court order, arguing that the stablecoin issuer faced serious anti-money laundering risks if it allowed the funds to move. The dispute centers on 42,417,785.62 USDT held across 10 wallets.
Thai Businessmen Sue Tether Over $42.4M USDT Freeze
Two Thai businessmen have filed a lawsuit against stablecoin giant Tether, challenging its decision to freeze 42.4 million USDT months before U.S. authorities allegedly obtained a formal seizure warrant. Nutthawat Rukthammachalern and Natthawat Kasamvilas filed the complaint on Aug. 31 in the U.S. District Court for the Southern District of New York.
Ripple's David Schwartz Defends Tether's $42 Million 'Pig-Butchering' Freeze in Landmark Suit
Former Ripple Chief Technology Officer David Schwartz has publicly supported Tether in a legal dispute over the freezing of $42.4 million. Commenting on a lawsuit filed by Thai entrepreneurs against the stablecoin issuer in the U.S. District Court for the Southern District of New York (SDNY), Schwartz described the company's actions as administratively and legally justified.
Tether Sued Over Alleged Unlawful Freeze of $42.4 Million in USDT
Two Thai businessmen claim Tether blocked access to their stablecoins months before federal authorities secured a seizure warrant.
Two Thai Businessmen Sue Tether Over $42.4M USDT Freeze as Issuer Calls Case ‘Baseless'
Thai plaintiffs challenge Tether's $42.4 million USDT freeze, which appears connected to an HSI investigation into pig-butchering fraud proceeds.
Tether Sued Over $42.4M USDT Freeze Before Warrant
Two Thai businessmen sued Tether over a $42.4 million USDT freeze, alleging their wallets were blacklisted months before a U.S. seizure warrant.
Tether faces crypto lawsuit over $42.4M in frozen USDT – Here's why
Tether freezes have surged to nearly $6 billion in 2026, mainly dominated by Tron.
Tether releases open-source AI translation models for African and European languages
Tether's AI translation models enhance linguistic inclusivity, fostering digital accessibility and privacy in underserved regions globally. Tether releases open-source AI translation models for African and European languages.
Tether Faces Lawsuit Alleging Premature Freeze Of 42.4M USDT In Thailand
Freeze Dispute: Plaintiffs say Tether froze 42.4M USDT months before a warrant and acted on an informal request. Legal Demands: Lawsuit seeks removal of blacklisted addresses, prevention of token destruction, and damages tied to Tether's reserve income.
Thai businessmen sue Tether for freezing $42M in $61M pig butchering case
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.
Thai Investors Sue Tether Over $42M USDT Freeze Without Warrant
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.
Lawsuit challenges Tether for allegedly freezing $42.4 million USDT before U.S. warrant
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.
