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Morning Edition · Wednesday, September 2, 2026Published at 1:46 AM EDT · New York
Tether Sued in New York Over a $42.4 Million Freeze Made Before Any Warrant
The complaint arrives the same week Britain's National Crime Agency froze more than £10 million tied to a payment from the fantasy-sports platform Sorare.
Tether faces a lawsuit in New York alleging that it froze 42.4 million USDT before authorities obtained a warrant, as part of a fraud investigation involving roughly $61 million, crypto.news reported. The claim is not that the freeze was mi…
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States Turn Crypto Rails Into Sanctions Instruments
Governments increasingly track, freeze, and seize on-chain assets to enforce sanctions, turning traceable ledgers and centrally controlled stablecoins into extensions of financial statecraft rather than escapes from it.
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