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Law Firm Seeks $344M in Frozen USDT from Tether to Settle Iran-Linked Terror Judgment

GateNews
Enforcement ActionsRegulation & PolicyUSDT news
TRX-0.94%

According to CoinDesk, the Charles Gerstein law firm filed a petition in Manhattan federal court on May 15 seeking to have Tether transfer over $344 million in frozen USDT to victims of Iran-linked terrorism judgments.

The USDT was frozen after the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) designated the Tron wallet as property of Iran's Islamic Revolutionary Guard Corps. The law firm argued that since OFAC has identified the wallet owner and Tether has already frozen the assets, Tether can reissue equivalent USDT to a wallet controlled by the victims' attorneys.

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