Lawyer behind Arbitrum crypto seizure fight now targets Tether for $344 million

Charles Gerstein, a lawyer, is targeting Tether for $344 million, seeking a federal judge to order the transfer of OFAC-frozen USDT tied to Iran's Revolutionary Guard to victims holding unpaid terrorism judgments, totaling $344 million. This move could further strain Tether's liquidity and reputation, already facing scrutiny over its reserves and potential regulatory issues.