TheBlock
Victims holding unpaid U.S. terrorism judgments against Iran have filed a motion seeking the turnover of 344,149,759 USDT currently held in OFAC-blocked wallet addresses frozen by Tether. The motion targets two addresses linked to Iran's Islamic Revolutionary Guard Corps and asks a court to compel Tether to zero out those wallets and reissue equivalent USDT directly to the plaintiffs.
The broader enforcement action is backed by roughly $2.42 billion in existing U.S. court judgments — the $344 million in frozen USDT represents the most liquid and immediately recoverable slice of that total. If granted, the order would mark one of the first instances of a stablecoin issuer being compelled by a U.S. court to actively redistribute frozen assets rather than simply maintain the freeze.
The case puts Tether at the center of a novel legal question: whether a stablecoin issuer's technical…
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