Tether freezes $213M in USDT in Brazilian court-ordered action; freeze occurs amid T3 Financial Crime Unit’s $450M+ global asset freezes

first published 2026-05-14T10:15:01Z

Tether froze more than $213 million in USDT across 48 wallets tied to Gurhan Kiziloz and his company after a Brazilian court ordered the freeze in a civil tax dispute. Authorities say the business operated gambling services and sold crypto tokens to Brazilian users without a local license between 2021–2024 and generated taxable revenue; Kiziloz is appealing. No criminal charges have been filed. The case highlights coordination between Brazilian courts, regulators and a centralized stablecoin issuer.

AI Analysis

Tether froze $213M in USDT on a court order in a civil tax dispute involving alleged unlicensed gambling and token sales to Brazilian users (2021–2024); the freeze and noted cooperation between courts, regulators and a centralized stablecoin issuer create enforcement and counterparty risk for affected wallets. No criminal charges have been filed and the target is appealing, limiting immediate legal escalation.

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