Thai businessmen sue Tether over $42 million freeze in $61 million pig-butchering case

Thai businessmen have sued Tether over the freezing of $42 million linked to a $61 million pig-butchering case, according to Cointelegraph. The plaintiffs did not dispute their involvement in the alleged scam. Instead, they argued that Tether lacked the authority to freeze the funds at the time the action was taken. The case places the issuer of USDT at the center of a dispute over its ability to restrict access to cryptocurrency connected with suspected criminal activity. The claim is directly relevant to Tether and USDT, while the supplied information does not indicate any impact on other crypto assets. No further details about the lawsuit, the plaintiffs’ requested remedy or Tether’s response were provided.