Tether $42.4M USDT freeze lawsuit stories

Sep 28, 2026

Tether freezes $550 million in Iran-linked USDT, Senate report finds stablecoin aids regime funding

Tether confirmed freezing approximately $550 million in Iran-linked USDT in 2026, while a Senate Democratic report found USDT dominated activity in 84% of Iran- and proxy-linked wallets studied, calling it a 'significant financial lifeline' for the regime.

Sep 28, 20266 sources

Sep 2, 2026

Tether sued over $42.4 million USDT freeze allegedly made months before US warrant

Two Thai businessmen filed a lawsuit in New York federal court claiming Tether froze $42.4 million in USDT across 10 Ethereum addresses at an informal US law enforcement request, more than three months before a seizure warrant was issued. The plaintiffs allege the freeze was unlawful.

Sep 2, 20264 sources