INSANE:$USDT Tether is now the largest independent holder of gold in the world.All those years and all that FUD ended up being FUD. ...

Core Viewpoint - Tether is facing a lawsuit from Riverstone Consultancy, which claims that the company improperly froze $45 million in USDT at the request of a Bulgarian police department, potentially violating legal procedures for asset seizure [1][7]. Group 1: Legal Allegations - The lawsuit accuses Tether of breaching fiduciary duty by not following the correct legal process for freezing assets [2]. - Riverstone claims that Tether did not provide evidence of its legal right to freeze the USDT and directed them to contact the Bulgarian police, where they faced difficulties in obtaining information [3]. - The suit argues that Tether violated procedural requirements by freezing the assets based solely on a request from a local police department, rather than through official channels [4]. Group 2: Compliance and Regulatory Context - Tether has been motivated to comply with law enforcement requests due to criticism regarding its anti-money laundering (AML) practices, which have been accused of enabling illicit use of USDT [5]. - In 2023, U.S. Senators called for an investigation into Tether after reports indicated that Hamas used USDT to evade sanctions, raising concerns about the company's AML compliance [6]. - The lawsuit could influence how stablecoin issuers handle law enforcement requests, highlighting the need for proper processing to prevent abuse of the international AML system [8].