Two Thai businessmen have filed a lawsuit against Tether in the U.S. District Court for the Southern District of New York, claiming that 42,417,785 USDT was frozen without a court warrant, as reported by fintech attorney Ariel Givner via X. The plaintiffs allege in their complaint that Tether blacklisted the address on October 30 last year after an informal request from a U.S. Homeland Security Investigations (HSI) agent, and that there was no warrant or court order against Tether at the time. The U.S. government later issued a seizure warrant in February of this year to burn the USDT and re-issue the same amount into a government-controlled wallet, but the core argument of the lawsuit is that this warrant also does not grant Tether the authority to freeze and burn. Furthermore, the plaintiffs demand the unfreezing of the assets, prohibition of burning, compensation for damages, and the return of interest earned during the period, arguing that Tether continued to operate the reserve assets of the frozen USDT and profited from interest. This content represents the claims of the parties to the lawsuit and is not a court ruling.
