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.

AMBCrypto 2026-09-02 13:30

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.

CoinTurk News EN 2026-09-02 18:17

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.

Originally reported by AltcoinGordon, written by Olivia Hayes. Republished with permission.

View the original on AltcoinGordon →

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