BlockBeats News, October 17th, according to dlnews report, in April this year, stablecoin issuer Tether complied with a request from the Bulgarian police to freeze 44.7 million USDT. Now, Texas-based company Riverstone Advisory has officially filed a lawsuit alleging that Tether unlawfully froze its tokens, causing it to miss out on a significant investment opportunity.
According to the complaint filed with the Southern District of New York court, on April 4th, Tether froze assets from 8 offline wallets controlled by Riverstone. The company claims that Tether froze the assets based solely on a request from a local Bulgarian police station, which the company alleges “was procedurally flawed” and did not follow the formal process of exchanging record information through central authorities and diplomatic channels as stipulated in the “Bulgarian International Judicial Assistance Treaty.” The complaint states that when Riverstone contacted Tether, they were told to communicate directly with the Bulgarian police, who never responded.
Currently, Tether’s stablecoin circulation exceeds 180 billion US dollars, and as of September 15th, it has cooperated with global law enforcement agencies to freeze 3.2 billion USDT.
