This case highlights the inevitable collision between the "code is law" ethos and the reality of state-enforced legal judgments. If the court succeeds, it sets a precedent that turns centralized stablecoin issuers into de facto enforcement arms of the government.
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Tether faces court fight over frozen USDT #ShortsAdded:
Victims of Iran-linked attacks want a court to redirect 344 million dollars in frozen Tether.
A US court is being asked to release about 344 million dollars in frozen Tether tied to two sanctioned Tron wallets linked to Iran. The plaintiffs want a court order directing Tether to transfer that value to satisfy terrorism-related judgments, arguing the company could reissue an equivalent amount of USDT to a wallet controlled by their lawyers. A Manhattan court is now weighing a narrower question. Can Tether be ordered to transfer or reissue frozen USDT tied to sanctioned wallets to satisfy terrorism-related judgments? We'll keep tracking it in our roundup. What's your read? Drop it in the comments.
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