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.
Watchlist
Archive context. The story has cross-source confirmation.
Why this matters
Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on CoinDeskSame story, other sources
Cross-source coverage
2 sources
Tether Froze $42.4 Million Three Months Before A Seizure Warrant, Lawsuit Says
Two Thai businessmen have sued Tether over 42,417,785.62 USDT the stablecoin issuer blacklisted...
Related market context
Stablecoin yield debate raises crypto accounting challenges as $22.7B market outpaces regulation
The evolving stablecoin yield market challenges regulatory frameworks and accounting standards, impacting traditional banking and...
Tether Reports $1.3B Q2 Profit As Excess Reserves Reach $5.2B
Tether reported $1.3 billion in Q2 net operating profit in its latest BDO attestation statement, while excess reserves rose to $5....
How the “buy, borrow, die” tax trade is quietly loading DeFi pools with hidden credit risk
Imagine someone who bought ETH for $1,000, watched it climb to $4,000, and now wants to cash out $1,000. Selling one-quarter of th...
USDT0 on Stellar deposits and withdrawals now available!
Funding We’re pleased to announce that Kraken now supports deposits and withdrawals of USDT0 on the Stellar network. Clients can n...
Gate.io Referral Code 2026: BgdCUgtf (100 USDT + $6,666 in Bonuses)
Gate.io referral code is a special promo code that opens up premium benefits for users who are new to the platform. The best Gate....
Wall Street just poured nearly $900 million into Bitcoin and Ethereum ETFs
Bitcoin and Ethereum exchange-traded funds (ETFs) drew nearly $900 million as both cryptocurrencies pushed through closely watched...