Tether Faces Lawsuit Over Alleged Freeze of $42.4 Million in USDT

Tether is facing a lawsuit from two Thai businessmen who allege the stablecoin issuer unlawfully blocked access to $42.4 million in USDT. According to the claims, the restriction was imposed months before federal authorities obtained a warrant to seize the funds. The case puts Tether’s control over USDT transfers at the center of a legal dispute involving a substantial cryptocurrency balance. The allegations concern the timing of the freeze and whether access was restricted before the federal seizure process began. The lawsuit was reported by Decrypt on September 2, 2026. No further details about the plaintiffs’ demands or Tether’s response were provided in the source material.