Thai Businessmen Sue Tether for Freezing $42M in $61M Pig Butchering Case
12 Articles
12 Articles
Cointelegraph
BITRSSThai Businessmen Sue Tether for freezing $42M in $61M Pig Butchering Case
The plaintiffs didn’t dispute their involvement in the pig butchering scam, but claimed that Tether did not have the authority to freeze the $42 million at the time.
Thai Businessmen Sue Tether Over $42.4M USDT Freeze Before Warrant
Two Thai businessmen have sued Tether over the freezing of 42.4 million USDT, alleging the stablecoin issuer blacklisted their Ethereum addresses following an informal U.S. law-enforcement request months before a court authorized the seizure. Nutthawat Rukthammachalern and Natthawat Kasamvilas filed the federal complaint on August 31 in the U.S. District Court for the Southern District… Continue reading Thai Businessmen Sue Tether Over $42.4M US…
Key Points of the News Freezing Dispute: The plaintiffs claim that Tether froze USDT 42.4M months before having a court order and after acting on an informal request.Legal requirements: The lawsuit seeks to remove the addresses from the blacklist, prevent the destruction of tokens and demand compensation linked to the ... Read more
Thai Investors Sue Tether Over $42M USDT Freeze Without Warrant
Two Thai businessmen say Tether blacklisted $42.4 million of their USDT four months before any court authorized the freeze, and now they’re suing to get it back. A Freeze Before Any Warrant Nutthawat Rukthammachalern and Natthawat Kasamvilas filed suit against Tether on Aug. 31 in the U.S. District Court for the Southern District of New […]
Two Thai entrepreneurs brought Tether to court for the USDT Tether block without a mandate of 42.4 million dollars, a case that reopens the question of how much power a stablecoin issuer really has when it receives a simple informal request from the authorities. The case, filed on August 31 at the District Court of States [...]
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