Conduit sues Tether over allegedly freezing $2.8M without explanation
60-second summary
Conduit files a lawsuit claiming Tether froze about $2.8 million in USDt held in a Conduit wallet after Brazilian authorities opened a 2024 investigation, offering no justification. The complaint alleges the freeze violates contractual obligations and harms Conduit’s liquidity.
The lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024.