Conduit Sues Tether over $2.76 Million in Frozen USDT

Conduit Sues Tether Over $2.76 Million USDT Freeze Lasting More Than a Year

Cross-border payments company Conduit Technology has sued Tether after spending more than a year without access to approximately $2.76 million in USDT held in a corporate treasury wallet, arguing that the stablecoin issuer froze the funds without a court order or a request from the Brazilian police investigation linked to the action. The complaint, filed Oct. 5 in the U.S. District Court for the Southern District of New York, names Tether Holdin…

Tether Hit With Lawsuit Over $2.76 Million Stablecoin Freeze

The payments firm alleges Tether froze its treasury wallet on its own initiative over a Brazilian investigation it has no connection to—and has profited from the reserves while refusing to release the funds for more than a year.

Conduit sues Tether over $2.8M USDT freeze

Conduit's lawsuit claims Tether substantively ignored requests to reverse the "improper" freeze, leading to staff firings and closed offices.

Conduit Sues Four Tether Entities Over Alleged USDT Freeze

The complaint was filed Oct. 5, 2026, in the U.S. District Court for the Southern District of New York.

Conduit sues Tether over $2.76 million in frozen USDT

Conduit Technology sues Tether in New York federal court, alleging the issuer froze $2.76 million in USDT without notice or legal authority.