Tether Sued for $42.4M USDT Freeze Tied to Alleged Pig-Butchering Case

TLDR: Tether froze $42.4M in USDT after an informal HSI request, with no warrant issued at the time. A seizure warrant arrived in February 2026, months after Tether had already blacklisted the wallets. Plaintiffs argue Tether kept earning Treasury yield on reserves while their tokens stayed frozen. The lawsuit questions whether the warrant authorized Tether [...]

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