Lawyer behind Arbitrum crypto seizure fight now targets Tether for $344 million
Charles Gerstein wants a federal judge to order Tether to transfer OFAC-frozen USDT tied to Iran’s Revolutionary Guard to victims holding unpaid terrorism judgments...
Key takeaways
- 1Lawyer Charles Gerstein seeks court order for Tether to transfer $344 million USDT frozen by OFAC tied to Iran's Revolutionary Guard.
- 2The frozen stablecoins would go to terrorism victims with unpaid judgments against Iran.
- 3This case follows Gerstein's previous legal action against Arbitrum regarding crypto asset seizures and victim compensation.
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Why it matters
The case tests whether frozen crypto assets can be redirected to satisfy legal judgments, potentially setting precedent for how stablecoin issuers handle OFAC sanctions compliance and victim compensation in India's growing crypto ecosystem where regulatory clarity remains uncertain.
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