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Crypto Regulation

Tether Freezes $42.4M USDT Months Before Seizure Warrant, Lawsuit Alleges

Two Thai businessmen are suing Tether in Manhattan federal court over 42,417,785.62 USDT blacklisted across 10 Ethereum addresses. Onchain records show all 10 were frozen in a single two-and-a-half-minute batch on Oct. 30, 2025, and the seizure warrant cited in the complaint is dated Feb. 19, 2026.

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