Thai businessmen have sued Tether over $42 million in USDT that was frozen in connection with an alleged “pig butchering” scam, according to Cointelegraph. The case highlights the continuing legal and regulatory scrutiny surrounding the freezing of crypto assets linked to suspected fraud. Separately, Australian crypto firms face substantial fines unless they meet a licensing deadline. Cointelegraph also reported that 6,600 students received crypto loans, adding to a broader Asia-focused update covering developments across the digital-asset sector. The lawsuit directly concerns Tether’s USDT, the crypto market’s largest stablecoin by use, while the Australian licensing issue could affect companies operating in the country’s digital-asset market. The supplied report does not state the amount of any potential fines, identify the businesses involved, or provide further details about the student loans.
Source
Cointelegraph
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