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Regulatory · Thu 3 Sept · 2 min read

Tether sued over pre-warrant USDT freeze

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What happened

A lawsuit filed against Tether alleges the company froze $42.4 million in USDT in response to an informal U.S. law-enforcement request. The freeze allegedly occurred more than three months before a formal seizure warrant was issued. The plaintiffs argue Tether acted outside any court-ordered legal process when it immobilized the funds.

Why it matters

Sources: CoinDesk

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