Lawsuit Claims Tether Frozen $42.4 Million USDT Before Seizure Warrant
- The plaintiffs allege Tether froze $42.4 million in USDT in response to a U.S. law-enforcement request.
- This action reportedly occurred more than three months before a formal seizure warrant was issued.
- The lawsuit raises questions about the legality of Tether’s actions regarding asset management.
The case highlights potential issues surrounding the operations of stablecoins and their interactions with regulatory bodies, especially in terms of asset freezing protocols.
Tether’s alleged freezing of $42.4 million USDT raises significant legal questions about compliance with law enforcement requests and stablecoin governance.(Source)
