{"id":652088,"date":"2026-09-02T12:53:54","date_gmt":"2026-09-02T12:53:54","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/09\/02\/thai-businessmen-sue-tether-for-freezing-42m-in-61m-pig-butchering-case\/"},"modified":"2026-09-02T12:53:54","modified_gmt":"2026-09-02T12:53:54","slug":"thai-businessmen-sue-tether-for-freezing-42m-in-61m-pig-butchering-case","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/09\/02\/thai-businessmen-sue-tether-for-freezing-42m-in-61m-pig-butchering-case\/","title":{"rendered":"Thai businessmen sue Tether for freezing $42M in $61M pig butchering case"},"content":{"rendered":"

\"Thai<\/p>\n

The plaintiffs didn\u2019t dispute their involvement in the pig butchering scam, but claimed that Tether did not have the authority to freeze the $42 million at the time.<\/p>\n

Two Thai businessmen sued stablecoin issuer Tether in a New York district court, claiming it illegally froze $42.4 million in Tether USDt (USDT) in October, as part of a broader case tied to a pig butchering scheme.<\/p>\n

In a Monday court filing<\/a>, the plaintiffs claimed that Tether illegally froze the $42 million without a warrant in October 2025, following an informal request from US Homeland Security Investigations.<\/p>\n

Authorities in the Eastern District of North Carolina only issued a seizure warrant<\/a> for the funds later in February 2026, as part of a $61 million pig butchering<\/a> case. The warrant directed the burn and reissuance of the tokens to a government wallet.\u00a0<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The plaintiffs didn\u2019t dispute their involvement in the pig butchering scam, but claimed that Tether did not have the authority to freeze the $42 million at the time. Two Thai businessmen sued stablecoin issuer Tether in a New York district court, claiming it illegally froze $42.4 million in Tether USDt (USDT) in October, as part […]<\/p>\n","protected":false},"author":1,"featured_media":652089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-652088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/652088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=652088"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/652088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/652089"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=652088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=652088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=652088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}