Thai businessmen have filed a lawsuit against Tether over $42 million in USDT that was frozen in connection with an alleged “pig butchering” scam, according to Cointelegraph. The case adds to scrutiny surrounding the handling of stablecoins linked to suspected illicit activity. Cointelegraph also reported that Australian crypto firms could face significant fines if they fail to meet a licensing deadline. Separately, the publication said 6,600 students received crypto loans, though it provided no further details in the supplied report. The legal dispute centers on frozen USDT and could be relevant to market participants monitoring Tether’s compliance actions and the wider use of stablecoins in cross-border transactions.
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Cointelegraph
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