US-Based Law Firm Files New Motion Demanding Redistribution of $344M in USDt
Cointelegraph
Law firm Gerstein Harrow LLP is seeking to redistribute $344 million in frozen USDt tied to Iran to satisfy unrelated legal judgments.Summary
Gerstein Harrow LLP has filed a motion to compel Tether to redistribute $344 million in frozen USDt previously linked to Iranian entities by the U.S. Office of Foreign Assets Control. The firm seeks these funds to satisfy massive compensatory and punitive damages awarded to victims of state-sponsored terrorism. This strategy has sparked significant controversy, as critics, including onchain researcher ZachXBT, argue that the firm is exploiting recent crypto hack victims by redirecting frozen assets toward unrelated, decades-old judgments.
(Source：Cointelegraph)