Ripple's David Schwartz Backs Tether in $42 Million USDT Freeze Lawsuit
Regulation
Former Ripple Chief Technology Officer David Schwartz has defended Tethers decision to freeze $42.4 million in USDT without an initial court order, arguing that the stablecoin issuer faced serious anti-money laundering risks if it allowed the funds to move. The dispute centers on 42,417,785.62 USDT held across 10 wallets.
USDT
XRP
Disclaimer: This content is provided via CryptoNews and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.
