US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt

Cointelegraph Staff

(06:41 PM UTC)

1 min read

Law firm Gerstein Harrow LLP filed a new motion on Thursday in a miscellaneous enforcement lawsuit, asking the court to compel stablecoin company Tether to hand over more than $344 million in frozen USDt linked to Iranian entities.

The motion claims that the plaintiffs are owed more than $532 million in compensatory damages and more than $1.8 billion in punitive damages from acts of “terrorism…

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