The law firm that led the Arbitrum cryptocurrency asset seizure case is now targeting Tether, seeking $344 million in damages.

CoinFeed reported on May 15th that, according to CoinDesk, the US law firm Charles Gerstein filed an application in Manhattan federal court seeking an order for Tether to transfer over $344 million worth of frozen USDT to victims holding unpaid terrorism judgments against Iran. This USDT was previously frozen by Tether after the US Treasury Department's Office of Foreign Assets Control (OFAC) determined that the relevant Tron wallets belonged to the Iranian Islamic Revolutionary Guard Corps (IRGC). The plaintiffs argue that since OFAC has identified the wallets as belonging to the IRGC and Tether has frozen the tokens, Tether can simply reissue an equivalent amount of USDT to wallets controlled by the victims' lawyers.