Tether Allegedly Froze $2.8M USDT Without Explanation: Conduit Lawsuit

Tether Allegedly Froze $2.8M USDT Without Explanation: Conduit Lawsuit

The lawsuit alleged that Tether froze $2.76 million worth of the USDt stablecoin belonging to Conduit with “no justification” as part of a investigation by Brazilian authorities.

Conduit sues Tether over allegedly freezing $2.8M without explanation

The lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024. Cross-border payments platform Conduit Technology alleged that stablecoin issuer Tether froze $2.76 million in USDt (USDT) without explanation in September 2025. In a complaint filed in the US District Court for the Southern […]

Payments firm sues Tether over $2.76 million stablecoin freeze

Tether faces a lawsuit over a $2.76 million stablecoin freeze, raising concerns about issuer discretion and counterparty risk for traders.

Conduit Sues Tether Over a $2.76M USDT Wallet Frozen for a Year

Conduit Technology has sued Tether after the stablecoin issuer froze $2.76 million in the company’s USDT and allegedly kept it locked for more than a year. The stranger part is why. Conduit says Brazilian police never asked Tether to freeze its treasury wallet and that Tether’s own financial crime unit selected the address using criteria […]

Tether hit with another freeze lawsuit as challenges to its USDT freezes mount

Conduit, a cross-border payments firm, has sued Tether over a $2.76 million USDT freeze it says has locked up its main operating account for more than a year.  Tether’s motives for freezing wallets have come under increased scrutiny as firms and individuals drag the issuer to court regarding their assets.  Why is Conduit suing Tether? ...

Tether Sued After USDT Freeze

Key Takeaways Conduit says Tether froze $2.76 million in USDT. The balance can remain visible but unusable. Tether can freeze […]