**UK High Court Declares Tether (USDT) as Property! ๐๏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.