Terror Victims Sue to Seize $344M in Tether-Frozen USDT Tied to Iran's Revolutionary Guard!

Victims of Iranian-sponsored terrorism have filed suit in Manhattan federal court asking a judge to order Tether to hand over 344,149,759 USDT — frozen after OFAC designated two Tron wallet addresses as belonging to Iran's Islamic Revolutionary Guard Corps. The plaintiffs, who hold billions in long-unpaid U.S. court judgments against Iran, are asking Tether to zero out the blocked balances and reissue an equivalent amount to a wallet controlled by their counsel.

The legal theory hinges on a feature unique to USDT: unlike bitcoin or ether, Tether retains administrative controls that allow it to freeze wallets, blacklist addresses, and reissue tokens elsewhere. Because Tether already immobilized the funds in response to OFAC's sanctions action, attorney Charles Gerstein argues the company is both capable and legally obligated to redirect them to judgment creditors.

Gerstein is the same…