Tether is facing a lawsuit filed by two Thai nationals, Nutthawat Rukthammachalern and Natthawat Kasamvilas, over the freeze of $42.4 million in USDT. The plaintiffs allege that Tether engaged in deceptive USDT marketing and profited from the frozen funds by earning interest on the reserves backing their seized USDT tokens. The freeze occurred on October 30, 2026 across 10 Ethereum wallets, following an informal request from U.S. Homeland Security Investigations without any prior warrant or court order. In 2026, Tether has frozen nearly $6 billion, representing over 3,000 freezes on Tron and Ethereum totaling $5.8 billion as of mid-August.
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