**UK High Court Declares Tether (USDT) as Property! ๐Ÿ›๏ธ**

- In a groundbreaking decision, the UK High Court has ruled that Tether (USDT) is officially property under English law.

- This marks the first-ever ruling on the status of cryptocurrency after a full trial, setting a new legal precedent.

- The case involved a fraud victim whose stolen USDT was moved through various crypto exchanges and mixers.

- Judge Richard Farnhill affirmed that USDT can be traced and treated as trust property, similar to other assets.

- This decision aligns with a 2019 judgment and a 2023 report by the England and Wales Law Commission.

- Meanwhile, Thai exchange BitKub dodged a suit due to insufficient evidence linking it to the stolen USDT.