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Crypto Regulation

Tether sued over alleged unlawful freeze of $42.4M USDT

Two Thai businessmen have sued Tether, claiming the company unlawfully froze access to their stablecoins months before U.S. federal authorities obtained a seizure warrant. The lawsuit alleges Tether blocked $42.4 million in USDT without legal basis, causing financial losses. The plaintiffs seek damages and the release of their funds.

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