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Tether Faces Lawsuit for Freezing $160M in Tokens, Freezes 16.5M USDT in Three TRX Addresses

Aug 9, 2024, 01:59 PM

Tether is reportedly facing another lawsuit for allegedly freezing $160 million in Tether tokens. The freezing of these funds is linked to an alleged seizure of 180,000 Tethers. Tether allegedly shared a draft complaint with an individual claiming to represent the Chinese government, who then offered to intervene. Additionally, Tether has frozen three TRX addresses holding over 16.5 million USDT, potentially controlled by the same entity. The frozen addresses include balances of 10 million USDT, 6.47 million USDT, and 48.8K USDT.