Lawsuit challenges Tether for allegedly freezing $42.4 million USDT before U.S. warrant

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Two Thai businessmen, Nutthawat Rukthammachalern and Natthawat Kasamvilas, have filed a lawsuit against Tether in the U.S. District Court for the Southern District of New York. The plaintiffs allege that Tether blacklisted $42.4 million of their USDT four months before any court authorized a freeze. The legal action seeks the recovery of these funds, challenging the company for freezing the assets without a valid warrant. The suit was officially filed on August 31.