AMBCrypto and CoinTurk News EN report the same $42.4M USDT freeze lawsuit against Tether but give different years for when the freeze occurred.
AMBCrypto and CoinTurk News EN report the same $42.4M USDT freeze lawsuit against Tether but give different years for when the freeze occurred.
What all sources agree on
- Two Thai nationals, Nutthawat Rukthammachalern and Natthawat Kasamvilas, filed the lawsuit in the Southern District of New York.
- The lawsuit concerns $42.4 million worth of USDT frozen across 10 Ethereum wallets.
- The freeze followed an informal request from a Homeland Security Investigations (HSI) agent rather than a court order or warrant.
- A formal seizure warrant was issued in February, tied to a pig-butchering scam investigation in North Carolina.
- The plaintiffs are seeking to prevent destruction of the tokens and to recover funds plus reserve/interest income.
Where the reports disagree
1Year the USDT freeze occurred
This happened on 30th October 2026, resulting in the seizure of victims’ funds across 10 wallets on the Ethereum [ETH] network.
They claim Tether blacklisted ten Ethereum wallets containing over 42.4 million USDT on October 30, 2025, following an informal request from a Homeland Security Investigations (HSI) agent rather than through any formal legal process.
What would settle it: The SDNY court filing/complaint or on-chain blacklist transaction record for the wallets in question.
What to make of it
Treat the existence of the SDNY lawsuit, the $42.4M freeze, and the February warrant tied to the North Carolina pig-butchering probe as established; the exact year the freeze took place (2025 or 2026) is unresolved between these two reports and should not be relied on until checked against the court filing or on-chain record.
Treat the existence of the SDNY lawsuit, the $42.4M freeze, and the February warrant tied to the North Carolina pig-butchering probe as established; the exact year the freeze took place (2025 or 2026) is unresolved between these two reports and should not be relied on until checked against the court filing or on-chain record.
