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Thai businessmen linked to a $61 million pig butchering operation are suing Tether, arguing the issuer lacked authority to freeze $42 million in USDT rather than denying involvement in the scam. The case targets the core market-structure feature of centralized stablecoins: unilateral blacklisting, which underpins law-enforcement cooperation but creates legal and counterparty risk for the largest dollar-liquidity rail in crypto trading. Watch whether any court ruling constrains Tether's freeze powers, since that would reprice compliance risk for USDT-denominated flows and strengthen the case for regulated alternatives such as USDC.
As a Policy signal, watch whether it changes price action, volatility, or flows around BTC, ETH.
Original Source: Cointelegraph
This page is market information analysis, not investment advice.
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