A Brazilian appeal court has handed Gurhan Kiziloz an encouraging first win in his effort to unfreeze a combined $527 million in Tether and other assets tied to a tax dispute.
The ruling is a first appeal rather than a final release, and that is exactly why it matters. Instead of returning the money outright, the court found the freeze too broad and sent it back for a closer look. For Gurhan Kiziloz, that is a strong and welcome result. It shifts the case onto favorable ground and opens a clear path for the assets, including roughly $213 million in USDT, to be released by October 2026.
The heart of the decision works in his favor. The court told authorities to separate assets with a direct link to Brazilian activity from those tied to independent companies, generated outside the country, or held before Brazil put its modern betting and crypto rules in place. Where the freeze once treated a wide pool as one block, each piece now has to be justified on its own. That is precisely the kind ...
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