As the US-Iran conflict continues, cryptocurrencies are playing a significant role. In this context, stablecoin giant Tether recently made a major move by freezing $344 million worth of USDT.
There has been a new development regarding this incident.
According to The Block, victims of the Iranian terrorist attack have filed a lawsuit demanding the release of $344 million in frozen USDT (USDT) bonds.
Victims of Iranian-linked terrorism have filed a lawsuit against Tether in a US court, demanding the return of 344.14 million USDT that it has frozen.
According to the report, victims of terrorism have filed compensation lawsuits against the Iranian government and the Islamic Revolutionary Guard Corps (IRGC) regarding the terrorist acts, and these compensation payments have not yet been made.
At this point, the plaintiffs allege that the USDT frozen by Tether was held in wallets linked to the Iranian Revolutionary Guard Corps (IRGC), which is sanctioned by the U.S. Office of Foreign Assets Control (OFAC). For these reasons, the plaintiffs argue that these funds should be used as a source of compensation in their case.
The plaintiffs, who are victims of fraud, also pointed out that Tether has made similar money transfers in the past in compliance with US government seizure orders.
*This is not investment advice.
