Thai businessmen sue Tether over $42.4M USDT frozen on informal US request, challenging asset seizure without court order

According to attorney Ariel Givner, the suit was filed in the US District Court for the Southern District of New York. The plaintiffs allege Tether froze their wallets in October 2025 on an informal Homeland Security Investigations request, with no warrant or court order. A seizure warrant from the Eastern District of North Carolina came only in February 2026, directing the tokens be burned and reissued to a government wallet. The funds are allegedly tied to a $61M "pig butchering" laundering case; the suit challenges Tether's freeze authority and the burn-and-reissue process.

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