US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt
The post US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt appeared on BitcoinEthereumNews.com. 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 committed or sponsored by Iran,” stretching back more than 25 years. The latest filing is part of a broader lawsuit against North Korea (DPRK) and Iran, attempting to claim and redistribute digital assets as compensation for victims of various and unrelated judgments tied to state-sponsored violence, drawing criticism from the crypto community. The motion to claim $344 million in frozen stablecoins linked to Iranian entities. Source: PACER In May, the law firm filed a restra