Former Ripple Chief Technology Officer David Schwartz has defended Tethers decision to freeze $42.4 million in USDT without an initial court order, arguing that the stablecoin issuer faced serious anti-money laundering risks if it allowed the funds to move. The dispute centers on 42,417,785.62 USDT held across 10 wallets. Tether froze the assets on Oct. 30, 2025, following an informal request from U.S. Homeland Security Investigations (HSI) connected to an international pig-butchering fraud investigation. However, an official court order authorizing the seizure was not issued until Feb. 19,… Read more
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