Ripple's David Schwartz Defends Tether's $42 Million 'Pig-Butchering' Freeze in Landmark Suit

utoday

09/02

Former Ripple Chief Technology Officer David Schwartz has publicly supported Tether in a legal dispute over the freezing of $42.4 million. Commenting on a lawsuit filed by Thai entrepreneurs against ...

网页链接

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/hans/news/2664822071"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2664822071\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2664822071?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-02 15:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2664822071","market":"us","top_or_hot":-1,"title":"Ripple's David Schwartz Defends Tether's $42 Million 'Pig-Butchering' Freeze in Landmark Suit","media":"utoday","content":"<div>\n<p>Former Ripple Chief Technology Officer David Schwartz has publicly supported Tether in a legal dispute over the freezing of $42.4 million. Commenting on a lawsuit filed by Thai entrepreneurs against ...</p>\n\n<a href=\"https://u.today/ripples-david-schwartz-defends-tethers-42-million-pig-butchering-freeze-in-landmark-suit\">网页链接</a>\n\n</div>\n","source":"utodaynews_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ripple's David Schwartz Defends Tether's $42 Million 'Pig-Butchering' Freeze in Landmark Suit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRipple's David Schwartz Defends Tether's $42 Million 'Pig-Butchering' Freeze in Landmark Suit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-02 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://u.today/ripples-david-schwartz-defends-tethers-42-million-pig-butchering-freeze-in-landmark-suit><strong>utoday</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Former Ripple Chief Technology Officer David Schwartz has publicly supported Tether in a legal dispute over the freezing of $42.4 million. Commenting on a lawsuit filed by Thai entrepreneurs against ...</p>\n\n<a href=\"https://u.today/ripples-david-schwartz-defends-tethers-42-million-pig-butchering-freeze-in-landmark-suit\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XRPK","symbol_name":"T-REX 2x Long XRP Daily Target ETF","start_time":0,"source_url":"https://u.today/ripples-david-schwartz-defends-tethers-42-million-pig-butchering-freeze-in-landmark-suit","article_id":"2664822071","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/ripples-david-schwartz-defends-tethers-42-million-pig-butchering-freeze-in-landmark-suit","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2664822071","pubTimestamp":1788335100,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"Former Ripple Chief Technology OfficerDavid Schwartz has publicly supported Tether in a legal dispute over the freezing of $42.4 million. Commenting on a lawsuit filed by Thai entrepreneurs against th","collect":0,"end_time":0,"defaultTopTitle":"u.today","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRPK":"T-REX 2x Long XRP Daily Target ETF","XRPR":"REX-OSPREY XRP ETF","XXRP":"2倍做多XRP ETF-Teucrium","XRPI":"1倍XRP ETF-Volatility Shares","XRPT":"2倍杠杆XRP ETF-Volatility Shares","UXRP":"Proshares Ultra XRP ETF"},"translate_title":"Ripple 的大卫·施瓦茨 (David Schwartz) 在具有里程碑意义的诉讼中为 Tether 4200 万美元的“杀猪”冻结进行辩护","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRPT":0.6,"XRPI":0.6,"XXRP":0.6,"XRPK":0.6,"UXRP":0.6,"XRPR":0.6},"content_text":"Former Ripple Chief Technology Officer David Schwartz has publicly supported Tether in a legal dispute over the freezing of $42.4 million. Commenting on a lawsuit filed by Thai entrepreneurs against the stablecoin issuer in the U.S. District Court for the Southern District of New York (SDNY), Schwartz described the company's actions as administratively and legally justified.The lawsuit stems from the extrajudicial freezing of 10 wallets, which contained 42,417,785.62 USDT. The restrictions were imposed on Oct. 30, 2025, following an informal request from U.S. Homeland Security Investigations (HSI) as part of a case involving an international pig-butchering fraud scheme.An official court order authorizing the seizure of the funds was issued only four months later, on Feb. 19, 2026.The plaintiffs maintain that they acted in good faith, claiming that they acquired the tokens on the secondary market. They are demanding that the assets be unfrozen and that they receive compensation for lost profits, including the interest income Tether earned from managing the reserves backing those funds.Why the cryptography legend believes Tether had no choiceXRP Ledger architect David Schwartz sided with the defendant, citing the classic principle of protection against double liability when there are competing claims to an asset. He emphasized that when the legality of ownership is in doubt, the issuer must keep the funds secure until a competent court issues its ruling.According to the expert, ignoring HSI's preventive warning would have allowed the fraudsters to immediately move the $42.4 million through mixers, which could have automatically exposed Tether itself to accusations of facilitating money laundering and subsequent criminal prosecution in the United States.The SDNY proceedings have exposed the operational deadlock facing stablecoin issuers, which are caught between civil lawsuits from users over freezes imposed without a court order and potential criminal liability for failing to act promptly in response to regulators.The New York court's final ruling will determine whether an internal security policy set out in a company's Terms of Service gives private companies the right to freeze millions of dollars in assets before official court orders are issued.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}